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Reserves and Resources
Following an extensive conversion drilling program totalling 15,408 metres (3,790 holes) completed during 2012, the updated iodine reserve and resource statement for Aguas Blancas is as follows:
Aguas Blancas Reserves and Resources
December 30, 2012 |
Tonnes
(millions) |
Iodine
(I2 in ppm) |
| Reserves * |
|
|
| Proven |
14,558 |
492 |
| Probable |
68,386 |
457 |
| Total |
82,944 |
463 |
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|
|
| Resources * |
|
|
| Measured |
16,798 |
474 |
| Indicated |
88,205 |
417 |
| Total Measured & Indicated |
105,003 |
426 |
| Inferred Resource |
67,392 |
338 |
* Measured and Indicated Resources are reported above a cut-off grade of 200ppm iodine and are inclusive of the reported Proven and Probable Reserves. Reserves are based on mining factors of 0% dilution and 95% mining recovery, cut-off grade of 250ppm iodine and iodine price of $35/kg. These Resource and Reserve estimates have been prepared by Adam Wheeler, independent consultant and Qualified Person pursuant to NI 43-101.
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