Resources

An updated mineral resource estimate was announced on May 10, 2018. Curraghinalt currently hosts an NI 43-101 compliant resource consisting of:

Category (5 g/t Au Cut-off) Tonnage (Million tonnes) Grade (g/t Au) Contained Gold (oz)
Measured 0.04 26.04 33,000
Indicated 6.31 14.95 3,033,000
Measured + Indicated 6.35 15.02 3,066,000
Inferred 7.72 12.24 3,038,000

Notes:

1.Mineral Resource Statement prepared by SRK Consulting (Canada) Inc. in accordance with NI 43-101 with an effective date of May 10, 2018.

2.Mineral Resources are not Mineral Reserves and have not demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, marketing, or other relevant issues. The Mineral Resources have been classified according to the CIM Definition Standards for Mineral Resources and Mineral Reserves (May 2014).

3.All figures have been rounded to reflect the relative accuracy of the estimates.

4.The mineral resources are reported at a cut-off grade of 5.0 g/t gold, based on a gold price of US$1,200 per ounce and 95% gold recovery.

For more details on the mineral resource estimate, please see the press release dated May 10, 2018.