Click here to refer to Competent Persons Statement
Boseto Ore Reserves
| Ore Reserves | ZETA | PLUTUS | TOTAL | ||||||
| Open Pit | Mt | Cu (%) | Ag (g/t) | Mt | Cu (%) | Ag (g/t) | Mt | Cu (%) | Ag (g/t) |
| Proved | 4 | 1.6 | 22.1 | 12.0 | 1.3 | 13.1 | 16.0 | 1.4 | 15.4 |
| Probable | 6.5 | 1.5 | 23.5 | 1.3 | 1.5 | 15.7 | 7.8 | 1.5 | 22.2 |
| Open Pit Ore Reserves1 | 10.5 | 1.5 | 23 | 13.3 | 1.3 | 13.4 | 23.8 | 1.4 | 17.6 |
| Underground | Mt | Cu (%) | Ag (g/t) | Mt | Cu (%) | Ag (g/t) | Mt | Cu (%) | Ag (g/t) |
| Proved | 1 | 1.3 | 24 | 1.0 | 1.3 | 24.0 | |||
| Probable | 6.3 | 1.3 | 24.6 | 6.3 | 1.3 | 24.6 | |||
| Underground Ore Reserves2 | 7.3 | 1.3 | 24.5 | 7.3 | 1.3 | 24.5 | |||
| TOTAL ORE RESERVES | 17.8 | 1.4 | 23.6 | 13.3 | 1.3 | 13.4 | 31.1 | 1.4 | 19.2 |
All Ore Reserves are reported at cut-off grade of 0.6% Cu. Please refer to Competent Persons Statement. 1 Zeta Open Pit data as at 31 August 2010. Recent mining from the Zeta Open Pit has not been depleted from this Ore Reserves estimate. Plutus Open Pit data as at 11 December 2012. 2 Zeta Underground data as at 27 April 2012.
Boseto Mineral Resources
| Mineral Resources | ZETA | PLUTUS | TOTAL | ||||||
| Mt | Cu (%) | Ag (g/t) | Mt | Cu (%) | Ag (g/t) | Mt | Cu (%) | Ag (g/t) | |
| Measured | 4.6 | 1.6 | 23.5 | 11.1 | 1.4 | 13.9 | 15.7 | 1.4 | 16.7 |
| Indicated | 12.4 | 1.5 | 26.1 | 8.1 | 1.4 | 13.3 | 20.5 | 1.5 | 21 |
| Subtotal M&I | 17 | 1.5 | 25.4 | 19.2 | 1.4 | 13.6 | 36.2 | 1.4 | 19.1 |
| Inferred | 27.1 | 1.2 | 20 | 67.7 | 1.3 | 13 | 94.8 | 1.3 | 15 |
| TOTAL RESOURCES | 44.1 | 1.3 | 22.1 | 86.9 | 1.4 | 13.2 | 131.0 | 1.3 | 16.2 |
Mineral Resources reported at a cut-off grade of 0.6% Cu. Please refer to Competent Persons Statement. Data as at 2 May 2012.
Additional Boseto Zone Mineral Resources
| INFERRED MINERAL RESOURCES | |||
| PROSPECT | Mt | Cu (%) | Ag (g/t) |
| Selene3 | 16.0 | 1.0 | 16 |
| Zeta NE4 | 12.9 | 1.3 | 22 |
| Ophion5 | 14.0 | 1.0 | 12 |
| NE Mango 16 | 4.8 | 1.2 | 13 |
| NE Mango 27 | 28.5 | 1.3 | 14 |
| TOTAL INFERRED MINERAL RESOURCES | 76.2 | 1.2 | 15 |
Mineral Resources reported at a cut-off grade of 0.6% Cu. Please refer to Competent Persons Statement. 3 Data as at 12 January 2012. 4 Data as at 2 August 2012. 5 Data as at 11 October 2012.
6 Data as at 1 August 2012. 7 Data as at 16 October 2012.
Mineral Resources Summary
| Mt | Cu (%) | Ag (g/t) | |
| Boseto Mineral Resources | 131.0 | 1.3 | 16.2 |
| Additional Boseto Zone Mineral Resources | 76.2 | 1.2 | 15.0 |
| TOTAL MINERAL RESOURCES | 207.2 | 1.3 | 16.0 |
Mineral Resources reported at a cut-off grade of 0.6% Cu. Please refer to Competent Persons Statement.
Competent Persons Statement
The information on this website that relates to exploration results is based on information compiled by Mr Fred Nhiwatiwa who is a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and Mr Wallace Mackay who is a Member of the Australian Institute of Geoscientists. Messrs Nhiwatiwa and Mackay are employed full-time by Discovery Metals Limited. Messrs Nhiwatiwa and Mackay have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (JORC Code).
The information on this website that relates to the Zeta Open Pit and Plutus Mineral Resources was reviewed by Mr Ivor Jones, who is a fellow of the AusIMM. Mr Jones is employed full-time by Snowden Mining Industry Consultants Pty Ltd (Snowden). Mr Jones has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC Code.
The information on this website that relates to the Zeta Open Pit and Plutus Ore Reserves was reviewed by Mr Frank Blanchfield, who is a fellow of the AusIMM. Mr Blanchfield is employed full-time by Snowden. Mr Blanchfield has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC Code.
The information on this website that relates to the Zeta Underground Ore Reserves has been reviewed by Mr Andrew Gasmier, who is a MAusIMM. Mr Gasmier is employed full-time by Mining Plus Pty Ltd. Mr Gasmier has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC Code.
The information on this website as it relates to the Selene, Zeta NE, Ophion, NE Mango 1 and NE Mango 2 Mineral Resource estimates for the Boseto Copper Project has been compiled by Mr Matthew Readford, who is a MAusIMM. Mr Readford is employed fulltime by Xstract Mining Consultants Pty Ltd. Mr Readford has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC Code.
Messrs Nhiwatiwa, Mackay, Jones, Blanchfield, Gasmier and Readford consent to the inclusion on this website of the matters based on information provided by them and in the form and context in which it appears.
