December 31, 2008 Table
MINERAL RESERVES
| Mines and Projects |
Mana (1)(2)
Burkina Faso
|
Samira Hill (2)(3)
Niger |
Kiniero (2)(4)
Guinea |
Total |
Proven Mineral Reserves
Tonnes
Grade (g/t Au)
Ounces (5) |
8,447,000
2.95
802,000 |
8,560,300
1.87
514,400 |
257,800
3.17
26,300 |
17,265,100
2.42
1,342,700 |
Probable Mineral Reserves
Tonnes
Grade (g/t Au)
Ounces (5) |
1,171,000
2.83
106,600 |
1,909,300
1.90
116,700 |
1,735,100
3.77
210,100 |
4,815,400
2.80
433,400 |
Total Mineral Reserves
Tonnes
Grade (g/t Au)
Ounces (5) |
9,619,000
2.90
908,600 |
10,469,700
1.88
631,100 |
1,992,900
3.69
236,400 |
22,081,600
2.49
1,776,100 |
MINERAL RESOURCES
| Mines and Projects |
Mana (1)(2)
Burkina Faso |
Samira Hill (2)(3)
Niger |
Kiniero (2)(4)
Guinea |
Total |
Measured Mineral Resources
Tonnes
Grade (g/t Au)
Ounces (5) |
1,610,000
2.06
106,700 |
13,714,400
1.14
500,900 |
1,396,300
2.34
105,200 |
16,720,700
1.33
712,800 |
Indicated Mineral Resources
Tonnes
Grade (g/t Au)
Ounces (5) |
16,720,700
1.33
712,800 |
21,088,700
1.17
792,600 |
9,633,500
1.82
563,900 |
42,019,200
1.68
2,271,200 |
Total Mineral Resources
Tonnes
Grade (g/t Au)
Ounces (5) |
12,907,000
2.46
1,021,400 |
34,803,100
1.16
1,293,500 |
11,029,900
1.89
669,100 |
58,740,000
1.58
2,984,000 |
| Mines and Projects |
Mana (1)(2)
Burkina Faso |
Samira Hill (2)(3)
Niger |
Kiniero (2)(4)
Guinea |
Total |
Total Mineral Reserves
& Resources
Tonnes
Grade (g/t Au)
Ounces (5) |
22,526,000
2.65
1,930,000 |
45,272,800
1.32
1,924,600 |
13,022,800
2.17
905,500 |
80,821,600
1.83
4,760,100 |
| Mines and Projects |
Mana (1)(2)
Burkina Faso |
Samira Hill (2)(3)
Niger |
Kiniero (2)(4)
Guinea |
Total |
Inferres Mineral Resources
Tonnes
Grade (g/t Au)
Ounces (5) |
7,211,000
2.19
508,200 |
18,906,000
1.00
608,100 |
1,507,100
2.58
124,900 |
27,624,100
1.40
1,241,200 |
We are presenting 100% of the reserves and resources of the mines in the above table as they are mostly attributable to SEMAFO in accordance with its financial structure. Cut-off grades are established with the Ultimate Pit software in consideration of the rock type and haulage distance. Cut-off grades vary from 0.8 g/t to 2.0 g/t.
(1) The Company indirectly owns 90% of SEMAFO Burkina which directly holds the interest in the Mana Mine reserves and resources.
(2) Mineral reserves estimated using US$750 per ounce of gold
(3) Mineral reserves and resources at the Samira Hill Mine represent the combined reserves and resources of SML and AGMDC. The Company indirectly owns 40% of SML and indirectly controls SML through its control of AGMDC pursuant to the Company’s right to elect a majority of the board members of AGMDC.
(4) The Company indirectly owns 85% of SEMAFO Guinée which directly holds the interest in the Kiniero Mine reserves and resources.
(5) Rounding of numbers to the nearest hundred of tonnes may introduce slight differences in the figures representing the ounces contained. |
