Performed an independent audit of the mineral resource model of the gold deposit and analysis of compliance with the requirements of the JORC code

From July to August 2023, CMT Consulting specialists performed an independent audit of the mineral resource model of the gold deposit and an analysis of the compliance of the model and report with the requirements of the JORC Code.

During the project, an audit and analysis of all available data on the field was carried out according to the checklist of criteria of the JORC code, namely:

• provided geological and lithological-structural models;

• QAQC documentation;

• methods and approaches of the Customer’s specialists to the preparation of the model and the assessment performed;

• the Customer’s report on the assessment of mineral resources for compliance with the requirements of the JORC code for the provision of all necessary reliable information on the results of exploration, testing and analytics.

Based on the results of the work, a detailed report was prepared containing an analysis of the adopted approach to modeling and assessment, as well as an analysis of the presence of errors that could have a significant impact on the subsequent assessment. In addition, SMT specialists have prepared a detailed list of recommendations for the necessary adjustments to the model and their conclusion on the reliability and representativeness of the assessment made on the basis of the analyzed resource block model.