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:
* 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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