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NI43101compliantreportsprovidedbySGSCanadaExplorationServicesGeostat

TypeofStudy

PropertyofMerit
Report

ResourceReport

PreliminaryEconomic
Assessment

PreFeasibilityStudy

DatasuppliedbyClient

Geologicalwork Surveying
Geophysicalwork

Drillholedatabase Surveying
GeologicalModel QAQCprocedures

Drillholedatabase Surveying
GeologicalModel QAQCprocedures

Drillholedatabase Surveying
GeologicalModel QAQCprocedures

SiteVisitand
IndependentSampling*

Sitevisitby1QP:Geologist
Independentsampling

Sitevisitby1QP:Geologist
Independentsampling

Sitevisitby3QPs:Geologist
MineEngineer ExtractiveMetallurgist
Independentsampling

Sitevisitby4QPs:Geologist MineEngineer
ExtractiveMetallurgist Environment
Independentsampling

NI43101compliant
ResourceEstimates
(Measured Indicated Inferred)

NI43101compliant
ResourceEstimates
(Measured Indicated Inferred)

NI43101compliant
ResourceEstimates
(Measured Indicated Inferred)

MetallurgicalTests*

PreliminaryMetallurgicalTests

ComprehensiveMetallurgicalTests

MineDesign

PreliminaryMineDesign
Miningmethod Useofeconomical/environmental/
geotechnical/hydrogeologicalparameters

MineDesign
Miningmethod Useofeconomical/environmental/
geotechnical/hydrogeologicalparameters

ResourceEstimates

ConversionofsomeoftheMeasuredand
IndicatedResourcestoReserves(Proven Probable)
Inclusionofdilution/recovery Inferrednotconverted

ReserveEstimates

EconomicalStudy*

PreliminaryEconomicalStudy
usingallResources(M I I)withdilutionandrecovery
PlantandMineCapexandOpex

ComprehensiveEconomicalStudy
usingonlyReserves(Proven Probable)
PlantandMineCapexandOpex

Report

NI43101compliant
PropertyofMerit TechnicalReport

NI43101compliant
ResourceEstimates TechnicalReport

NI43101compliant
PreliminaryEconomicAssessment TechnicalReport
(includesResourceEstimates)

NI43101compliant
PreFeasibilityStudyTechnicalReport
(includesResourceandReserveEstimates)

ApproximatePrice$CAN

15,000 25,000*

35,000 75,000*

75,000 125,000*

175,000 275,000*

*:Dependingontheproject,Sampling,MetallurgicaltestsandEconomicalStudycanmakeoverallcostsrisesignificantly

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