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Exploration

Ore Reserves and
Mineral Resources

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pdf_icon Ore Reserves and Mineral Resources (including Competent Persons Statement)

Ore Reserves

as at 30 June 2021

Source Category Tonnes Grade (g/t) Contained Metal
Gold Silver Gold Silver
(Million) (g/t) (g/t) (M oz) (M oz)
CHATREE Proved – – – – –
Probable – – – – –
Total – – – – –
NUEVA ESPERANZA Proved – – – – –
Probable 17.1 0.5 87 0.30 47.8
Total 17.1 0.5 87 0.30 47.8
TOTAL Proved – – – – –
Probable 17.1 0.5 87 0.30 47.8
Total 17.1 0.5 87 0.30 47.8

Mineral Resources (Inclusive of Ore Reserves)

Source Category Tonnes Grade Contained Metal
Gold Silver Gold Silver
(Million) (g/t) (g/t) (M oz) (M oz)
CHATREE Measured 73.2 0.69 6.20 1.63 14.6
Indicated 49.8 0.64 5.58 1.02 8.9
Inferred 40.6 0.59 4.50 0.77 5.9
Total 163.6 0.65 5.59 3.42 29.4
NUEVA ESPERANZA Measured 1.6 0.01 93 0.0005 4.8
Indicated 27.2 0.46 73 0.40 63.8
Inferred 10.6 0.30 43 0.09 14.8
Total 39.4 0.39 66 0.49 83.4
TOTAL Measured 74.8 0.68 8.06 1.63 19.4
Indicated 77.0 0.58 29.4 1.42 72.7
Inferred 51.2 0.53 12.5 0.86 20.7
Total 203.0 0.60 17.3 3.91 112.8

Notes to Ore Reserves and Mineral Resources table:

  1. Rounding of figures causes some numbers to not add correctly.
  2. Nueva Esperanza metallurgical recoveries: 80% Au and 84% Ag estimated from test work by Kingsgate.
  3. Chatree metallurgical recoveries: 83.3% Au and 38.7% Ag based on metallurgical test work and plant performance.
  4. Cut-off grades for Resources are: Chatree 0.30 g/t Au, Nueva Esperanza 0.5g/t AuEq60 (assuming metal prices of USD1,200/oz Au, USD19.00/oz Ag and metallurgical recoveries as per (2) above.
  5. Nueva Esperanza Ore Reserves are based on a floating cut-off grade method. In this method each Resource block is subjected to a series of estimates to generate revenue and cost fields that are used to determine a breakeven cut-off grade.
  6. Please refer to ASX:KCN release published 14 April 2016 titled, “Nueva Esperanza Pre-Feasibility Study Confirms Kingsgate Growth Strategy” for details on Mineral Resources, Ore Reserves and JORC 2012 Table 1.

Chatree – With Metallurgical Licence Granted

The table below shows what the Chatree Reserve will be when the Metallurgical Licence is re-activated assuming a gold price of US$1,200 per ounce.

Source Category Tonnes Grade Contained Metal
Gold Silver Gold Silver
(Million) (g/t) (g/t) (M oz) (M oz)
Chatree Proved 26.1 0.77 6.70 0.65 6.2
Probable 9.3 0.80 7.04 0.24 2.1
Total 35.4 0.78 6.79 0.89 8.3

Notes:

    1. The information in the table above is not currently an Ore Reserve under JORC reporting requirements.

Gallery

  • Chile Location MapNueva Esperanza DiagramsSeptember 3, 2013 - 4:13 pm
  • Nueva Esperanza PhotographsSeptember 3, 2013 - 4:06 pm

 

Latest News

  • Precious Metals Refiner appointed to process Chatree Gold and SilverMay 24, 2022 - 10:42 am
  • Engineering company appointed to restart ChatreeMay 19, 2022 - 10:31 am
  • Kingsgate announces 46% increase in Chatree Ore ReserveMay 18, 2022 - 12:13 pm
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