Mineral Resources and Ore Reserves

Mining at Tomingley has been based on the Wyoming (One and Three) and Caloma (One and Two) gold deposits since 2014, with underground mining commencing in 2019.

The Tomingley Gold Extension Project is founded on the San Antonio and Roswell (SAR) gold deposits, located immediately to the south of the existing operation. Like the Caloma and Wyoming deposits, the SAR deposits are interpreted as orogenic gold systems positioned within a major structural zone. Their similar geology to the Caloma and Wyoming deposits make them ideal feedstock for the existing processing plant.

In 2021, the SAR resources and reserves were incorporated into the Tomingley Life of Mine Plan, incorporating open cut and underground operations.

The following tables detail the Mineral Resources and Ore Reserves for Tomingley Gold Operations.

Mineral Resources

Tomingley Gold Operations Mineral Resources (as at 30 June 2022)

Deposit	Measured		Indicated		Inferred		Total		Total Gold
	Tonnage	Grade	Tonnage	Grade	Tonnage	Grade	Tonnage	Grade
	(Kt)	(g/t Au)	(Kt)	(g/t Au)	(Kt)	(g/t Au)	(Kt)	(g/t Au)	(Koz)
Open Pittable Resources (cut off 0.4g/t Au)
Caloma One	106	2.0	16	1.8	0	0.0	122	2.0	8
Sub Total	106	2.0	16	1.8	0	0.0	122	2.0	8
Underground Resources (cut off 1.3g/t Au)
Wyoming One	1,050	2.8	916	2.5	232	1.8	2,198	2.6	181
Wyoming Three	46	2.2	24	2.0	20	1.9	90	2.1	6
Caloma One	162	2.5	501	2.1	507	2.0	1,170	2.1	79
Caloma Two	167	2.6	1,098	2.2	181	1.8	1,446	2.2	103
Sub Total	1,425	2.7	2,539	2.3	940	1.9	4,904	2.3	369
Total	1,531	2.7	2,555	2.3	940	1.9	5,026	2.3	377

Apparent arithmetic inconsistencies are due to rounding

 

SAR Mineral Resources (as at 30 June 2022)

Deposit	Measured		Indicated		Inferred		Total		Total Gold
	Tonnage	Grade	Tonnage	Grade	Tonnage	Grade	Tonnage	Grade
	(Kt)	(g/t Au)	(Kt)	(g/t Au)	(Kt)	(g/t Au)	(Kt)	(g/t Au)	(Koz)
Total Resources (cut-off 0.4g/t Au Roswell and 0.5g/t Au San Antonio)
Roswell			5,615	1.78	791	0.96	6,406	1.68	346
San Antonio			5,930	1.82	1,389	1.32	7,319	1.73	406
Sub Total			11,545	1.80	2,180	1.19	13,725	1.70	752
Underground Resources (cut off 1.3g/t Au)
Roswell			1,897	2.67	4,244	2.56	6,141	2.59	512
Sub Total			1,897	2.67	4,244	2.56	6,141	2.59	512
Total			13,443	1.92	6,424	2.09	19,867	1.98	1,264

Apparent arithmetic inconsistencies are due to rounding

 

Ore Reserves

Tomingley Gold Operations Ore Reserves (as at 30 June 2022)

Deposit	Proved		Probable		Total		Total Gold
	Tonnage	Grade	Tonnage	Grade	Tonnage	Grade
	(Kt)	(g/t Au)	(Kt)	(g/t Au)	(Kt)	(g/t Au)	(Koz)
Open Pittable Reserves (cut off 0.4g/t Au)
Caloma One	106	2.0	16	1.8	122	2.0	8
Stockpiles	384	1.3	0	0	384	1.3	16
Sub Total	490	1.5	16	1.8	506	1.5	24
Underground Reserves (cut off 1.3g/t Au)
Wyoming One	366	2.1	304	2.2	670	2.1	46
Caloma One	68	1.8	315	1.6	383	1.6	20
Caloma Two	137	1.6	628	1.5	765	1.6	38
Sub Total	571	1.9	1,247	1.7	1,818	1.8	104
Total	1,061	1.7	1,263	1.7	2,324	1.7	127

Apparent arithmetic inconsistencies are due to rounding

 

SAR Ore Reserves (as at 30 June 2022)

Deposit	Proved		Probable		Total		Total Gold
	Tonnage	Grade	Tonnage	Grade	Tonnage	Grade
	(Kt)	(g/t Au)	(Kt)	(g/t Au)	(Kt)	(g/t Au)	(Koz)
Open Pittable Reserves (cut off 0.4g/t Au)
Roswell	0	0.0	3,900	1.7	3,900	1.7	213
San Antonio	0	0.0	4,100	1.6	4,100	1.6	214
Sub Total	0	0	8,000	1.6	8,000	1.6	427
Underground Reserves (cut off 1.6g/t Au)
Roswell	0	0	1,456	2.6	1,456	2.6	119
San Antonio*	0	0	0	0	0	0	0
Sub Total	0	0	1,456	2.6	1,456	2.6	119
Total	0	0	9,456	1.8	9,456	1.8	547

Apparent arithmetic inconsistencies are due to rounding
*San Antonio Underground Reserves not determined at this time.

 

These Mineral Resources and Ore Reserves were reported to the ASX on 9 September 2022 in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC 2012). Any differences to those tables are corrections to typographical errors; the assumptions and parameters detailed in that report are unchanged. Mineral Resources are wholly inclusive of Ore Reserves.

 

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Competent Persons

The above information has been approved by individuals having sufficient experience to qualify as a Competent Person, as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC 2012). Such experience relates to the style of mineralisation and type of deposit under consideration, and the activity undertaken. All Competent Persons named below have provided prior written consent to the inclusion of the matters based on their information in this report, in the form and context in which it appears.

Information relating to	Competent Person
Tomingley Gold Operations Mineral Resource estimate	Mr Craig Pridmore (MAusIMM), who is Geology Manager Tomingley Gold Operations and an employee of Alkane Resources Ltd.
Tomingley Gold Operations Open Pit Ore Reserve estimate San Antonio and Roswell Open Pit Ore Reserve estimate	Mr John Millbank (MAusIMM), an independent consultant (Proactive Mining Solutions).
Tomingley Gold Operations Underground Ore Reserve estimate Roswell Underground Ore Reserve estimate	Mr Christopher Hiller (MAusIMM), an independent consultant (Hiller Enterprises Pty Ltd).
San Antonio and Roswell Mineral Resource estimate	Mr David Meates (MAIG), who is Exploration Manager NSW and an employee of Alkane Resources Ltd.