Mineral Resources

Fungoni Project

MINERAL RESOURCE SUMMARY FOR FUNGONI PROJECT

Summary of Mineral Resources(1)

THM assemblage(2)

 

 

Deposit

Mineral Resource Category

Tonnage

In situ THM

THM

Ilmenite

Rutile

Zircon

Leucoxene

Slimes

Oversize

 

 

(Mt)

(Mt)

(%)

(%)

(%)

(%)

(%)

(%)

(%)

Fungoni

Measured

9

0.36

4.2

40

4

24

1

19

7

Fungoni

Indicated

7

0.12

1.7

35

4

16

1

28

9

 

Total(3)

16

0.48

3.1

40

4

22

1

23

8

(1) Mineral Resources reported at a cut-off grade of 1.0% THM
(2) Mineral assemblage is reported as a percentage of in situ THM content
(3) Appropriate rounding applied

This JORC 2012 compliant Mineral Resource Estimate was prepared by Rod Webster, Tracie Burrows and Kathy Zunica of AMC Consultants Pty Ltd on 29 April 2014 and was published by Jacana in its replacement prospectus dated 6 November 2014.

Tajiri Project

MINERAL RESOURCE SUMMARY FOR TAJIRI PROJECT

Summary of Mineral Resources(1)

THM assemblage(2)

 

 

Deposit

Mineral Resource Category

Tonnage

In situ THM

THM

Ilmenite

Rutile

Zircon

Leucoxene

Slimes

Oversize

 

 

(Mt)

(Mt)

(%)

(%)

(%)

(%)

(%)

(%)

(%)

Tajiri

Indicated

19

1.0

5.1

65

12

6

6

34

3

Tajiri North

Indicated

40

1.2

3.0

70

7

5

2

52

3

 

Total(3)

59

2.2

3.7

68

10

5

4

46

3

(1) Mineral Resources reported at a cut-off grade of 1.7% THM
(2) Mineral assemblage is reported as a percentage of in situ THM content
(3) Appropriate rounding applied

Mineral Resource Statement for the Tajiri Project at March 2016. Both deposits are very shallow, starting at surface.