Resources

Summary of Resources as of 30 Jun 2017

Table 1 below presents a summary of Mineral Resources Estimates for the Ciemas Gold Project (by prospect area) as at 30 June 2017;

The Measured + Indicated Resources Estimation is approximately 3,040 thousand tonnes (“kt”), contains approximately 26,740 kg of gold with an average gold grade of approximately 8.8 g/t.

The Inferred Resources Estimation is approximately 2,700kt, contains approximately 18,390 kg of gold with an average grade of approximately 6.8 g/t Au.

Table 1: Mineral Resources Estimates for the Ciemas Gold Project (by prospect area) as at 30 June 2017

As of 30 June 2017 As of 30 June 2016
Property Category Resource (kt) Au (g/t) Au (kg) Resource (kt) Au (g/t) Au (kg) Changes*
Contained Au
Pasir Manggu Measured 120 7.3 870 120 7.3 870 0%
Indicated 450 7.5 3,390 450 7.5 3,390 0%
Inferred 270 3.8 1,030 270 3.8 1,030 0%
Cikadu Indicated 1,100 9.1 9,970 1,100 9.1 9,970 0%
Inferred 360 8.4 3,040 360 8.4 3,040 0%
Sekolah Indicated 710 9.2 6,520 710 9.2 6,520 0%
Inferred 300 8.6 2,580 300 8.6 2,580 0%
Cibatu Indicated 660 9.1 5,990 660 9.1 5,990 0%
Inferred 670 8.3 5,580 670 8.3 5,580 0%
Cibak and Cipancar Inferred 1,100 5.6 6,160 +100%
Total Measured 120 7.3 870 120 7.3 870 0%
Indicated 2,920 8.9 25,870 2,920 8.9 25,870 0%
Measured + Indicated 3,040 8.8 26,740 3,040 8.8 26,740 0%
Inferred 2,700 6.8 18,390 1,600 7.6 12,230 +50%

Note: Change from previous update as of 30 June 2016 changes are relative to contained metal as estimated; positive number denotes increase and negative number denotes decrease.

*Cut-off grades applied for Mineral Resource statement are 1.0 g/t Au for the 4 prospects, based on the assumption of open pit mining, and 2.5 g/t Au for Cibak and Cipancar, based on the assumption of underground mining..

*Mineral resources are not ore reserves and do not demonstrate economic viability.