Resources

Parys Mountain Mineral Resource estimate at $48 per tonne GMPV* Cut-Off
ZoneCategoryTonnesCu %Pb %Zn %Ag g/tAu g/t
EngineIndicated496,0001.362.594.9491.80.5
Inferred121,0001.733.426.7369.90.5
Deep EngineInferred620,0001.951.904.2122.60.2
White RockIndicated4,712,0000.251.232.3023.10.3
Inferred1,258,0000.281.262.5627.50.3
Garth DanielInferred340,0001.892.765.7866.30.1
Northern CopperInferred9,375,0001.270.240.385.00.1
TotalIndicated5,208,0000.361.362.5529.70.3
Inferred11,714,0001.220.541.0410.80.2

Source: Micon. This resource is shown for an $48 GMPV Cut-Off (gross mineral product value) based on the following metal price assumptions – US$1,275/oz gold, US$17.50/oz silver,US$1.25/lb zinc, US$2.50/lb copper and US$1.00/lb lead. All resources were based on employing underground mining techniques. The GMPV is the sum of the products of the metal prices shown after estimated all in mining, processing, re-handling and general and administration costs of US$39.06/t mill feed and a payability factor of 72%.