Reserves & Resources
MT TODD RESERVES & RESOURCES
Notes:
- Measured & Indicated resources include Proven and Probable Reserves.
- Batman and Quigley Resources are quoted at a 0.40g-Au/t cut-off grade. Heap Leach resources are the average grade of the heap, no cut-off applied.
- Batman: Resources constrained within a US$1,950/oz gold pit shell. Pit parameters: Mining Cost US$3.00/tonne, Milling Cost US$17.50/tonne processed, G&A Cost US$1.50/tonne processed, Au Recovery metallurgical equation averaging 89.7%.
- Quigleys: Resources constrained within a US$1,950/oz gold pit shell. Pit parameters: Mining Cost US$3.00/tonne, Milling Cost US$17.50/tonne processed, G&A Cost US$1.50/tonne processed, Au Recovery metallurgical equation averaging 89.7%.
- Differences in the table due to rounding are not considered material. Differences between Batman and Quigleys mining and metallurgical parameters are due to their individual geologic and engineering characteristics.
- Kira Johnson, MMSA, of Tetra Tech is the QP responsible for the Statement of Mineral Resources for the Batman, Quigleys deposits and Heap Leach pad.
- The effective date of the Heap Leach, Batman and Quigleys resource estimate is July 25, 2025.
- Mineral resources that are not mineral reserves have no demonstrated economic viability and do not meet all relevant modifying factors.
- The Mineral Resources were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards for Mineral Resources and Reserves.
Notes:
- The Mineral Reserves point of reference is the point where material is fed into the mill.
- Batman deposit Mineral Reserves are reported using a 0.50 g Au/t cutoff grade and US $1,800/oz gold price.
- Colin McVie, FAusIMMand Peter Lock , FAusIMM of Mining Plus are the QP's responsible for the Statement of Mineral Reserves for Batman Deposit Proven and Probable mineral reserves.
- Because all the heap-leach pad reserves are to be fed through the mill, these Mineral Reserves are reported without a cutoff grade applied.
- Deepak Malhotra SME registered member, is the QP responsible for reporting the heap-leach pad Mineral Reserves.
- The effective date of the Batman and Heap Leach Mineral Reserves estimate is July 25, 2025.
- Differences in the table due to rounding are not considered material
- The Mineral Reserves were estimated using the CIM Definition Standards for Mineral Resources and Mineral Reserves.