REPORTING OF MINERAL RESERVES

Mineral Reserve

 is the economically mineable part of a Measured and/or Indicated

Mineral Resource.
 are those portions of Mineral Resources which, after the
application of the Modifying Factors, result in an estimated
tonnage and grade
 can be the basis of a technically and economically viable project.
Appropriate Pre-Feasibility or Feasibility level studies will have
been carried out prior to determination of the Mineral Reserves
 Mineral Reserves must not be presented in terms of contained metal or
mineral content unless corresponding tonnage and grade figures are
also presented. Mineral Reserves should not be aggregated with
Mineral Resources.
 Mineral Reserve estimates are sometimes reported after adjustment
from reconciliation with production data. Such adjustments should be
clearly stated in a Public Report of Mineral Reserves and the nature of
the adjustment or modification described.

Mineral Reserves are subdivided in order of increasing confidence into Probable:

 Probable Mineral Reserves

 is the economically mineable part of an Indicated, and in some
circumstances, in a Measured Mineral Resource.
 Has a lower level of confidence in applying to modifying factors

 Proved Mineral Reserves-

 is the economically mineable part of a Measured Mineral Resource.
 implies a high degree of confidence in the Modifying Factors.
Reporting of Coal Reserves
- The term ‘Mineral Reserve(s)’, and the subdivisions of these as defined above, apply also to coal
reporting, but if preferred by the reporting company, the term ‘Coal Reserve(s)’ and the appropriate
subdivisions may be substituted.

‘Marketable Coal Reserves’, representing beneficiated or otherwise enhanced coal product where
modifications due to mining, dilution and processing have been considered, may be Publicly Reported in
conjunction with, but not instead of, reports of Coal Reserves. The basis of the predicted yield to achieve
Marketable Coal Reserves must be stated.

the Coal Reserves may be reported as Run-of-Mine (ROM) tonnages and coal quality, and also as
Saleable product/s tonnages and coal quality.

Reporting of Mineral Reserves for Industrial Minerals

Mineral Reserve for industrial Minerals where the reference point is a saleable product ( Industrial
Mineral, Cement Feed Materials, and Construction Raw Materials deposits.), a clarifying statement is
included to ensure that the reader is fully informed as to what is being reported.

Mineral Reserves for Dimension Stone, Ornamental and Decorative Stone

It is a Public Reporting of dimension stone, ornamental and decorative stone of all forms that are
generally sold on the basis of their technical (geological/mining) product specifications, quality, and
market acceptance.

‘Dimension stone’

- is a technical/commercial term that includes all natural stones that can be quarried in blocks of
different dimensions and processed by cutting or splitting, and that possess the technical and aesthetic
properties required for their use in the building and construction industries.

- Qualitative and aesthetic qualities (color, grain, texture, and their regularity in distribution) and/or
their structural performance characteristics (compression and flexural strength, abrasive resistance,
porosity, ability to be polished, radioactivity content, etc.) may be more important for the market, and
applicable and acceptable as the basis for reporting.
 Estimation and Reporting of Ore Reserves

Mineral Resource estimate for conversion to  Description of the Mineral Resource

Ore Reserves. estimate used as a basis for the
conversion to an Ore Reserve.
 Clear statement as to whether the
Mineral Resources are reported
additional to, or inclusive of, the Ore
Reserves.