Resource and Reserve Estimates - Finland
Kylylahti Mine Mineral Resource and Ore Reserve Estimates
| Tonnes (m) |
Cu (%) |
Au (g/t) |
Zn (%) |
Co (%) |
Ni (%) |
|
| MINERAL RESOURCES | ||||||
| Measured | 1.20 | 1.19 | 0.48 | 0.56 | 0.22 | 0.19 |
| Indicated | 7.20 | 1.35 | 0.77 | 0.53 | 0.24 | 0.23 |
| Inferred | 0.50 | 1.38 | 1.71 | 0.54 | 0.27 | 0.24 |
| Total | 8.80 | 1.33 | 0.78 | 0.54 | 0.24 | 0.22 |
| Contained metal (tonnes) | - | 117,480 | 222,600oz | 47,400 | 21,350 | 19,680 |
| Tonnes (m) |
Cu (%) |
Au (g/t) |
Zn (%) |
Cu (t) |
Au (oz) |
|
| ORE RESERVES | ||||||
| Proven | 0.57 | 1.43 | 0.66 | 0.66 | 8,100 | 12,000 |
| Probable | 3.98 | 1.70 | 0.86 | 0.61 | 67,600 | 110,000 |
| Total | 4.55 | 1.66 | 0.83 | 0.62 | 75,651 | 122,000 |
| Mining Inventory | 0.20 | 1.75 | 0.54 | 0.63 | 4,475 | 4,415 |
See ASX releases dated 29 August 2013, 26 March 2014 and 7 May 2014 for JORC 2012 Compliance. Mineral Resources are inclusive of Ore Reserves.
Outokumpu Mineral Resource Estimates
|
Deposit |
Classification | Tonnes (m) |
Cu (%) |
Au (g/t) |
Zi (%) |
Co (%) |
Ni (%) |
| Kylylahti | Measured | 1.20 | 1.19 | 0.48 | 0.56 | 0.22 | 0.19 |
| Indicated | 7.20 | 1.35 | 0.77 | 0.53 | 0.24 | 0.23 | |
| Inferred | 0.50 | 1.38 | 1.71 | 0.54 | 0.27 | 0.24 | |
| Sub-total | 8.80 | 1.33 | 0.78 | 0.54 | 0.24 | 0.22 | |
| Saramaki | Inferred | 3.40 | 0.71 | - | 0.63 | 0.09 | 0.05 |
| Vuonos | Inferred | 0.76 | 1.76 | - | 1.33 | 0.14 | - |
| Hautalampi | Measured | 1.03 | 0.47 | - | 0.06 | 0.13 | 0.47 |
| Indicated | 1.23 | 0.30 | - | 0.07 | 0.11 | 0.42 | |
| Inferred | 0.90 | 0.30 | - | 0.10 | 0.10 | 0.40 | |
| Sub-total | 3.16 | 0.36 | - | 0.07 | 0.11 | 0.43 | |
| Riihilahti | Indicated | 0.14 | 1.69 | - | - | 0.04 | 0.16 |
| Valkeisenranta | Indicated | 1.54 | 0.29 | - | - | 0.03 | 0.71 |
| Sarkiniemi | Indicated | 0.10 | 0.35 | - | - | 0.05 | 0.70 |
| Total | 17.94 | 0.97 | 0.39 | 0.45 | 0.16 | 0.26 |
See Vulcan ASX release of 16 November 2009 (Available Here), for JORC 2004 Compliance for deposits other than Kylylahti.
Kuhmo Mineral Resources Estimates
| Location | Classification | Tonnes (m) |
Ni (%) |
Cu (%) |
Co (%) |
Pt (g/t) |
Pd (g/t) |
| Vaara | Indicated | 2.62 | 0.49 | 0.04 | 0.01 | 0.11 | 0.28 |
| Inferred | 0.14 | 0.45 | 0.04 | 0.01 | 0.10 | 0.24 | |
| Sub-total | 2.76 | 0.49 | 0.04 | 0.01 | 0.11 | 0.27 | |
| Peura-aho | Indicated | 0.40 | 0.63 | 0.29 | 0.04 | 0.28 | 0.62 |
| Inferred | 0.09 | 0.48 | 0.23 | 0.03 | 0.21 | 0.42 | |
| Sub-total | 0.49 | 0.60 | 0.27 | 0.04 | 0.27 | 0.58 | |
| Hietaharju | Indicated | 0.85 | 0.85 | 0.44 | 0.06 | 0.53 | 1.25 |
| Inferred | 0.24 | 0.59 | 0.27 | 0.04 | 0.34 | 0.89 | |
| Sub-total | 1.09 | 0.80 | 0.40 | 0.05 | 0.49 | 1.17 | |
| Sika-Aho | Inferred | 0.17 | 0.66 | 0.01 | - | - | - |
| Arola | Inferred | 1.50 | 0.46 | - | - | - | - |
| Total | 6.01 | 0.55 |
Contained nickel 33,200 tonnes |
||||
See Vulcan ASX release of 23rd October 2009 (Available Here)
g/t - Grams per tonne Mt - Millions of tonnes oz - Ounce % - Percentage
Au - Gold Co - Cobalt Cu - Copper Zn - Zinc Ni - Nickel Pt - Platinum Pd - Palladium
Note: Totals may not match sub-totals due to rounding.
Estimation Methodology
To view the deposit estimation methodologies (as per Table 1 of the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves "The JORC Code, 2012") for the Kylylahti deposit, click on the link below:
Kylylahti Deposit Estimation Methodolgy (23/0314 and 7/05/14)
