Mineral Resources and Ore Reserves

Tajiri Project

JORC 2012 Mineral Resource Estimate for the Tanga South Tajiri Project, at February 2018

MINERAL RESOURCE SUMMARY FOR TAJIRI PROJECT

Summary of Mineral Resources(1)

THM assemblage(2)

 

Deposit

THM % cut-off

Mineral Resource Category

Tonnage

In situ THM

THM

SLIMES

OS

Ilmenite

Rutile

Zircon

Leucoxene

Garnet

 

 

 

(Mt)

(Mt)

(%)

(%)

(%)

(%)

(%)

(%)

(%)

(%)

Tajiri

1.5%

Indicated

36 1.3 3.7 34 4 71 10 6 0 3

Tajiri North

1.7%

Indicated

61 1.7 2.8 48 4 75 6 4 1 1

 T2

1.7%

Indicated

17 0.5 2.8 32 11 57 7 4 0 19

T3

1.7%

Indicated

8

0.4

4.4

33 7 68

6

5

1

5

T4

1.7%

Indicated

15

0.4

2.9

22 6 61

8

4

0

12

T4C

1.7%

Indicated

10

0.3

3.4

20 11 44

5

2

0

31

     

147

4.6

3.1

37 6 68

7

4

0

7

(1) Mineral Resources reported at various THM cut-offs
(2) Mineral Assemblage is reported as a percentage of insitu THM content
(3) Appropriate rounding applied

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

Fungoni Project

Ore Reserve Statement for Fungoni Project at October 2017

ORE RESERVES SUMMARY FOR FUNGONI PROJECT

Deposit

Reserve Category

Ore

Slimes

Heavy Mineral

 

 

(Mt)

(Mt)

(%)

(kt)

(%)

FUNGONI

Proved

6.9

1.2

18

341

4.9

FUNGONI

Probable

5.4

1.0

19

138

2.6

 

Total*

12.3

2.3

19

480

3.9

*Note totals may deviate from the arithmetic sum due to rounding. 

 Mineral Resource Statement for Fungoni Project at May 2017

MINERAL RESOURCE SUMMARY FOR FUNGONI PROJECT

Summary of Mineral Resources(1)

VHM assemblage(2)

 

 

Deposit

Mineral Resource Category

Tonnage

In situ THM

THM

Ilmenite

Rutile

Zircon

Leucoxene

Slimes

Oversize

 

 

(Mt)

(Mt)

(%)

(%)

(%)

(%)

(%)

(%)

(%)

FUNGONI

Measured

8.77

0.37

4.26

43.3

4.3

18.3

1.0

18.5

6.8

FUNGONI

Indicated

12.97

0.24

1.84

36.7

4.3

14.6

1.4

24.4

7.3

 

Total(3)

21.74

0.61

2.82

40.7

4.3

16.9

1.2

22.0

7.0

(1) Mineral Resources reported at a cut-off grade of 1.0% THM
(2) Valuable Mineral assemblage is reported as a percentage of in situ THM content
(3) Appropriate rounding applied
(4) Refer to Appendix 3 for detailed breakdown by zone of Trash and VHM 

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.