Reward Resource Update - Vertex Resource Base at 485koz Au.
ASX ANNOUCEMENT 23 NOVEMBER 2022
KEY HIGHLIGHTS:
• Independent consultants, Groundwork Plus, estimated the Resource for the Reward Gold Mine. The updated Mineral Resource has been estimated in accordance with the guidelines set in the 2012 JORC Code.
• Reward Indicated and Inferred Resources now total 837 kt @ 8.5 g/t Au for 277,000 oz reported above a cut-off grade of 2 g/t Au.
• Strong potential to continue growing the resource, with mineralisation open in a number of directions and on parallel structures.
• The Global Resource for Hill End & Hargraves now stands at 4.6 million tonnes at 3.3 g/t Au for 485,000 ounces of contained gold.
• The Reward ore recovers more than 90% of the contained gold using gravity processing techniques.
• The Reward Resource lies immediately adjacent the permitted Hill End gravity gold plant.
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