Resources and Reserves

Mineral Resources and Mineral Reserves

Mineral Resources consist of sand dumps, slimes dams and silted ‘vlei’ areas and dams. Before dumps are included as Mineral Resources, they are evaluated by drilling and an engineering study is undertaken to determine infrastructure needs.

Competent persons

Competent PersonsTitleAddressQualificationsYears
Mpfariseni Mudau
Pr.Sci.Nat. 400305/12
Director of The RVN
Group Proprietary Limited
Willowbrook Villas 21,
Van Hoof St,
Roodepoort, 1724
BSc (Hons) – Geology,
MSc (Mining Engineering)
18
Professor Steven Rupprecht
FSAIMM 701013
Associate Principal Mining Engineer of the RVN Group Willowbrook Villas 21,
Van Hoof St,
Roodepoort, 1724
BSc. Mining Engineering
PhD. Mechanical
Engineering
37
Nicholas Weeks
Pr.Sci.Nat. 155508
Director at Sound Mining International SA Proprietary Limited Sound Mining House,
2A Fifth Avenue,
Rivonia, 2128
BSc (Hons) – Geology, MGSSA 5
Vaughn Duke
Pr. Eng 940314
FSAIMM 37179
Partner of Sound Mining Solution Proprietary Limited Sound Mining House,
2A Fifth Avenue,
Rivonia, 2128
BSc Mining Engineering
(Hons), MBA
39

Mineral Resources as at 30 June 2024

 MEASUREDINDICATED
 Tonnes
Mt
Grade
g/t
Contents
Au tonnes
Contents
Moz
Tonnes
Mt
Grade
g/t
Contents
Au tonnes
Contents
Moz
Ergo  236.10 0.290 68.47 2.20 561.95 0.250 140.49 4.50
FWGR 216.00 0.325 70.28 2.26
Total Mineral Resources
as at 30 June 2024
452.10 0.307 138.75 4.46 561.95 0.250 140.49 4.50
Total Mineral Resources
as at 30 June 2023
473.61 0.313 148.36 4.75 571.47 0.250 142.87 4.65
 INFERREDTOTAL
 Tonnes
Mt
Grade
g/t
Contents
Au tonnes
Contents
Moz
Tonnes
Mt
Grade
g/t
Contents
Au tonnes
Contents
Moz
Ergo  21.32 0.240 5.12 0.20 819.36 0.261 214.08 6.90
FWGR 216.00 0.325 70.28 2.26
Total Mineral Resources
as at 30 June 2024
21.32 0.240 5.12 0.20 1 035.36 0.275 284.36 9.16
Total Mineral Resources
as at 30 June 2023
21.32 0.240 5.12 0.16 1 066.40 0.278 296.35 9.56

Mineral Resources reported include Mineral Reserves
The figures contained in the tables are rounded, which may result in minor computational discrepancies which are not deemed to be significant


Mineral Resources as at 30 June 2023

 MEASUREDINDICATED
 Tonnes
Mt
Grade
g/t
Contents
Au tonnes
Contents
Moz
Tonnes
Mt
Grade
g/t
Contents
Au tonnes
Contents
Moz
Ergo  251.75 0.300 75.53 2.41 571.47 0.250 142.87 4.65
FWGR 221.86 0.328 72.83 2.34
Total Mineral Resources
as at 30 June 2023
473.61 0.313 148.36 4.75 571.47 0.250 142.87 4.65
Total Mineral Resources
as at 30 June 2022
495.62 0.320 158.63 5.10 568.21 0.250 141.40 4.55
 INFERREDTOTAL
 Tonnes
Mt
Grade
g/t
Contents
Au tonnes
Contents
Moz
Tonnes
Mt
Grade
g/t
Contents
Au tonnes
Contents
Moz
Ergo  21.32 0.240 5.12 0.16 844.55 0.265 223.52 7.23
FWGR 221.86 0.328 72.83 2.34
Total Mineral Resources
as at 30 June 2023
21.32 0.240 5.12 0.16 1 066.40 0.278 296.35 9.56
Total Mineral Resources
as at 30 June 2022
21.32  0.240 5.12  0.16  1 085.15  0.281   305.15 9.81 

Mineral Resources reported include Mineral Reserves
The figures contained in the tables are rounded, which may result in minor computational discrepancies which are not deemed to be significant

Mineral Reserves as at 30 June 2024

 PROVED
Delivered to plant
 Tonnes
Mt
Grade
g/t
Contents
Au tonnes
Contents
Moz
 
Ergo 170.06 0.310 52.72 1.67  
FWGR 203.13 0.325 66.04 2.12  
Total Mineral Resources
as at 30 June 2024
373.19 0.318 118.76 3.79  
Total Mineral Resources
as at 30 June 2023
394.28 0.320 126.02 4.05  
 PROBABLE
Delivered to plant
 Tonnes
Mt
Grade
g/t
Contents
Au tonnes
Contents
Moz
 
Ergo 196.17 0.250 49.04 1.60  
FWGR 12.88 0.330 4.24 0.14  
Total Mineral Resources
as at 30 June 2024
209.05 0.255 53.28 1.74  
Total Mineral Resources
as at 30 June 2023
209.05 0.255 53.28 1.74  
 TOTAL MINERAL RESERVES
Delivered to plant
 Tonnes
Mt
Grade
g/t
Contents
Au tonnes
Contents
Moz
Ergo 366.23 0.278 101.76 3.27
FWGR 216.00 0.325 70.28 2.26
Total Mineral Resources
as at 30 June 2022
582.23 0.295 172.04 5.53
Total Mineral Resources
as at 30 June 2021
603.31 0.297 179.3 5.79

The figures contained in the tables are rounded, which may result in minor computational discrepancies which are not deemed to be significant

 

Mineral Reserves as at 30 June 2023

 PROVED
Delivered to plant
 Tonnes
Mt
Grade
g/t
Contents
Au tonnes
Contents
Moz
 
Ergo 185.29 0.310 57.44 1.85  
FWGR 208.99 0.328 68.58 2.20  
Total Mineral Resources
as at 30 June 2023
394.28 0.320 126.02 4.05  
Total Mineral Resources
as at 30 June 2022
416.70 0.341 137.17 4.41  
 PROBABLE
Delivered to plant
 Tonnes
Mt
Grade
g/t
Contents
Au tonnes
Contents
Moz
 
Ergo 196.17 0.250 49.04 1.60  
FWGR 12.88 0.330 4.24 0.14  
Total Mineral Resources
as at 30 June 2023
209.05 0.255 53.28 1.74  
Total Mineral Resources
as at 30 June 2022
205.67 0.250 50.51 1.63  
 TOTAL MINERAL RESERVES
Delivered to plant
 Tonnes
Mt
Grade
g/t
Contents
Au tonnes
Contents
Moz
Ergo 381.46 0.279 106.48 3.45
FWGR 221.87 0.328 72.83 2.34
Total Mineral Resources
as at 30 June 2023
603.31 0.297 179.30 5.79
Total Mineral Resources
as at 30 June 2022
622.37 0.300 187.68 6.04

The figures contained in the tables are rounded, which may result in minor computational discrepancies which are not deemed to be significant


 

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