62 / 164
62 Independence Group NL
Table 7: Jaguar Operation – June 2015 Mineral Resources (and 2014 comparison)
Mineral Resource – 30 June 2014
Mineral Resource – 30 June 2015
Classification Tonnes
Cu % Zn % Ag g/t Au g/t
Tonnes
Cu % Zn % Ag g/t Au g/t
Bentley
Measured
706,000 2.2 12.3
172 0.8
529,000 2.1
11.5 159 0.8
Indicated
1,502,000 1.5 8.0 123 0.7
1,252,000 1.6
7.3
118 0.8
Inferred
631,000 1.2
6.1
101
0.6 1,113,000 1.0 8.8 149 1.1
Stockpiles
16,000 1.8 11.7
166 0.8
13,000 1.1
9.2
121
0.6
Sub-Total
2,855,000 1.6 8.7
130 0.7
2,907,000 1.5
8.6 138 0.9
Mineral Resource – August 2009
Mineral Resource – August 2009
Teutonic Bore
Measured
-
-
-
-
-
-
-
-
-
-
Indicated
946,000 1.7
3.6
65
-
946,000 1.7
3.6 65
-
Inferred
608,000 1.4 0.7
25
-
608,000 1.4
0.7
25
-
Sub-Total
1,554,000 1.6 2.5
49
-
1,554,000
1.6
2.5
49
-
GRAND TOTAL
4,409,000 1.6 6.5
102
-
4,461,000 1.5
6.5 107
-
Notes:
1.
Mineral Resources include massive sulphide and stringer sulphide mineralisation. Massive sulphide Resources are geologically defined;
stringer sulphide Resources for 2015 are reported above a cut-off grade of 0.7% Cu.
2.
Block modelling mainly used ordinary kriging grade interpolation methods within wireframes for all elements and density. The Flying Spur
lens, part of the Bentley deposit, was estimated using the Inverse Distance Squared Weighting method (IDW2).
3.
Mining as at 30 June 2015 has been removed from the 2015 Resource estimate for Bentley. Historic mining has been removed from the
2009 Resource estimate for Teutonic Bore.
4.
Resources are inclusive of Reserves.
5.
The Teutonic Bore Resource estimate is reported in compliance with JORC Code 2012 reporting guidelines. The model is unchanged from the
2009 model.
6.
The Competent Persons statement is incorporated in the JORC Code (2012) Competent Persons Statements section of this report.
7.
JORC Code (2012) Table 1 Parameters are in IGO’s ASX release of 28 October 2015.
Table 8: Jaguar Operation – June 2015 Ore Reserves (and 2014 comparison)
Ore Reserve – 30 June 2014
Ore Reserve – 30 June 2015
Classification Tonnes
Cu % Zn % Ag g/t Au g/t
Tonnes Cu % Zn % Ag g/t Au g/t
Bentley
Proved
499,000 2.1
12.1
168 0.8
323,000 2.0 10.8 155 0.8
Probable
771,000 1.6 8.8 144 0.8
821,000 1.6 6.3
115 0.7
Sub-Total
1,270,000 1.8 10.1
154 0.8 1,144,000 1.7
7.6 126 0.7
Stockpiles
Proved
16,000 1.8 11.7
166 0.8
13,000 1.1
9.2
121
0.6
GRAND TOTAL
1,286,000 1.8 10.1
154 0.8 1,157,000 1.7
7.6 126 0.7
Notes:
1.
Cut-off values were based on Net Smelter Return (NSR) values of $163 per ore tonne for direct mill feed and $80 per ore tonne for marginal
feed.
2.
Revenue factor inputs (US$): Cu $6,417/t, Zn $2,686/t, Ag $18.00/troy oz, Au $1,225/troy oz. Exchange rate AU$1.00 : US$0.77.
3.
Metallurgical recoveries – 86% Cu, 57% Ag, and 40% Au in Cu concentrate; 86% Zn and 20% Ag in Zn concentrate.
4.
Longitudinal sub-level long hole stoping is the primary method of mining used at Bentley.
5.
All Measured Resource and associated dilution was classified as Proved Reserve. All Indicated Resource and associated dilution was
classified as Probable Reserve. No Inferred Resource has been converted into Reserve.
6.
Mining as at 30 June 2015 has been removed from the 2015 Reserve estimate.
7.
The Competent Persons statement is incorporated in the JORC Code (2012) Competent Persons Statements section of this report.
8.
JORC Code (2012) Table 1 Parameters are in IGO’s ASX release of 28 October 2015.