Reserves/Resource Statement

Ore Reserves and Mineral Resources

The Ore Reserves and Mineral Resources estimates for Tropicana are updated on an annual basis. AngloGold Ashanti and Independence Group provide full details of these estimates, including the applicable JORC statements, on their websites: www.anglogoldashanti.com and www.igo.com.au.

 

December 2018 Mineral Resources (100% Project Basis)

Area

Classification

Tonnes

(Millions)

Gold (g/t)

Contained Au

(Millions oz)

Open Pit

Measured

6.5

1.29

0.27

 

Indicated

75.5

1.50

3.64

 

Inferred

5.6

1.31

0.24

 

Total

87.6

1.47

4.14

Stockpiles

Measured

27.8

0.79

0.70

Indicated

0.0

0.00

0.00

Inferred

0.0

0.00

0.00

Total

27.8

0.79

0.70

Underground

Measured

0.0

0.00

0.00

 

Indicated

8.5

4.11

1.12

 

Inferred

12.4

4.36

1.73

 

Total

20.8

4.26

2.85

Total

Measured

34.3

0.88

0.97

Indicated

84.0

1.76

4.76

Inferred

17.9

3.41

1.97

Total

136.2

1.76

7.70

 

December 2018 Ore Reserves (100% Project Basis)

Area

Category

Tonnes

(Millions)

Gold (g/t)

Contained Au

(Millions oz)

Open Pit

Proved

4.2

1.68

0.23

 

Probable

43.2

1.94

2.69

 

Total

47.4

1.91

2.92

Stockpiles

Proved

15.5

1.01

0.50

Underground

Proved

0.0

0.00

0.00

 

Probable

2.7

3.65

0.32

 

Total

2.7

3.65

0.32

Total

Proved

19.8

1.15

0.73

 

Probable

45.9

2.04

3.01

 

Total

65.7

1.77

3.74

The information in this report that relates to Mineral Resources estimates was based on information compiled by Mr Mark Kent, a full-time employee of AngloGold Ashanti Australia Limited, who is a member of the Australasian Institute of Mining and Metallurgy. Mr Kent has sufficient experience relevant to the type and style of mineral deposits under consideration, and to the activity which has been undertaken, to qualify as a Competent Person as defined in the 2012 edition of the JORC Code. Mr Kent consented to the release of the Mineral Resource estimated, based on the information in the form and context in which it appears in this report.