Annual resource and reserves declaration
at 31 December 2006| Tonnes | Grade | Gold | Attributable | ||||||
| (Mt) | (Mt) | (g/t) | (g/t) | (Moz) | (Moz) | gold | |||
| MINE/PROJECT | Category | 2006 | 2005 | 2006 | 2005 | 2006 | 2005 | (Moz) | |
| MEASURED, INDICATED AND INFERRED MINERAL RESOURCES | |||||||||
Morila |
40% | ||||||||
| Measured | 20.54 | 20.06 | 2.27 | 2.73 | 1.50 | 1.76 | |||
| Indicated | 9.50 | 14.01 | 3.34 | 3.00 | 1.02 | 1.35 | |||
Sub-total Measured
and Indicated |
30.04 | 34.07 | 2.61 | 2.84 | 2.52 | 3.11 | 1.01 |
||
| Inferred | 3.09 | 3.78 | 3.31 | 3.19 | 0.33 | 0.39 | 0.13 | ||
Loulo |
80% | ||||||||
| Measured | 14.98 | 16.86 | 3.88 | 3.88 | 1.87 | 2.10 | |||
| Indicated | 46.79 | 45.00 | 4.88 | 4.78 | 7.35 | 6.92 | |||
Sub-total Measured
and Indicated |
61.77 | 61.86 | 4.64 | 4.54 | 9.22 | 9.03 | 7.37 |
||
| Inferred | 22.77 | 9.82 | 2.91 | 2.87 | 2.13 | 0.90 | 1.70 | ||
Tongon |
75% | ||||||||
| Measured | |||||||||
| Indicated | |||||||||
Sub-total Measured
and Indicated |
|||||||||
| Inferred | 35.96 | 35.96 | 2.69 | 2.69 | 3.11 | 3.11 | 2.33 | ||
| TOTAL RESOURCES | |||||||||
| Measured and Indicated | 91.81 | 95.93 | 3.98 | 3.93 | 11.74 | 12.14 | 8.38 | ||
| Inferred | 61.81 | 49.56 | 2.80 | 2.76 | 5.57 | 4.40 | 4.17 | ||
| PROVED AND PROBABLE ORE RESERVES | |||||||||
| Morila | |||||||||
| Proved | 15.36 | 15.95 | 2.50 | 3.21 | 1.23 | 1.65 | |||
| Probable | 11.35 | 6.19 | 2.47 | 3.63 | 0.90 | 0.72 | |||
| Sub-total Proved and Probable | 26.71 | 22.14 | 2.49 | 3.33 | 2.13 | 2.37 | 0.85 | ||
| Loulo | |||||||||
| Proved | 11.21 | 13.75 | 3.47 | 3.48 | 1.26 | 1.54 | |||
| Probable | 37.93 | 24.82 | 4.54 | 5.07 | 5.54 | 4.05 | |||
| Sub-total Proved and Probable | 49.14 | 38.57 | 4.30 | 4.50 | 6.80 | 5.59 | 5.44 | ||
| TOTAL RESERVES | |||||||||
| Proved and Probable | 75.85 | 60.71 | 3.66 | 4.08 | 8.93 | 7.95 | 6.29 | ||
| Randgold Resources reports its Mineral Resources
and Ore Reserves in accordance with the JORC code. The reporting
of Ore Reserves is also in accordance with Industry Guide 7. Pit optimisation is carried out at a gold price of US$475/oz; underground reserves are also based on a gold price of US$475/oz. Dilution and ore loss are incorporated into the calculation of reserves. Cautionary note to US investors: The United States Securities and Exchange Commission ( the "SEC" ) permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Randgold Resources uses certain terms in this annual report, such as "resources" that the SEC guidelines strictly prohibit the company from including in its filings with the SEC. |
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| * See glossary of terms on website at www.randgoldresources.com. | |||||||||