Randgold Resources 2009 > Investor Info > Reserves & Resources
RESOURCE AND RESERVE DECLARATION at 31 December 2009 (abridged)
|
MINE/PROJECT |
|
Tonnes |
Grade |
Gold |
Attributable |
|
|
MINERAL RESOURCES |
|
|
|
|
||
|
Kibali |
|
|
|
|
45% |
|
|
Measured and Indicated |
131.49 |
3.29 |
13.93 |
6.27 |
||
|
Inferred |
51.06 |
3.55 |
5.83 |
2.62 |
||
|
Loulo |
|
|
|
|
80% |
|
|
Measured and Indicated |
63.10 |
4.52 |
9.17 |
7.33 |
||
|
Inferred |
25.47 |
2.89 |
2.36 |
1.89 |
||
|
Gounkoto |
|
|
|
|
80% |
|
|
Indicated |
8.38 |
7.28 |
1.96 |
1.57 |
||
|
Inferred |
4.75 |
6.00 |
0.92 |
0.73 |
||
|
Morila |
|
|
|
|
40% |
|
|
Measured and Indicated |
16.76 |
1.49 |
0.80 |
0.32 |
||
|
Inferred |
0.95 |
0.81 |
0.02 |
0.01 |
||
|
Tongon |
|
|
|
|
89% |
|
|
Indicated |
38.85 |
2.89 |
3.61 |
3.21 |
||
|
Inferred |
11.70 |
2.59 |
0.97 |
0.87 |
||
|
Massawa |
|
|
|
|
83% |
|
|
Indicated |
17.43 |
4.16 |
2.33 |
1.94 |
||
|
Inferred |
6.24 |
3.39 |
0.68 |
0.57 |
||
|
TOTAL MEASURED AND INDICATED |
276.02 |
3.58 |
31.79 |
20.64 |
||
|
TOTAL INFERRED |
100.17 |
3.35 |
10.78 |
6.69 |
||
|
|
|
|
|
|
|
|
|
ORE RESERVES |
|
|
|
|
||
|
Kibali |
|
|
|
|
45% |
|
|
|
Probable |
63.80 |
4.48 |
9.19 |
4.14 |
|
|
Loulo |
|
|
|
|
80% |
|
|
|
Proven and Probable |
49.45 |
4.42 |
7.03 |
5.63 |
|
|
Gounkoto |
|
|
|
|
80% |
|
|
|
Probable |
7.47 |
6.83 |
1.64 |
1.31 |
|
|
Morila |
|
|
|
|
40% |
|
|
|
Proven and Probable |
16.76 |
1.49 |
0.80 |
0.32 |
|
|
Tongon |
|
|
|
|
89% |
|
|
|
Probable |
38.02 |
2.63 |
3.22 |
2.86 |
|
|
Massawa |
|
|
|
|
83% |
|
|
|
Probable |
10.51 |
4.62 |
1.56 |
1.30 |
|
|
TOTAL PROVEN AND PROBABLE |
186.01 |
3.92 |
23.45 |
15.56 |
||
Randgold reports its mineral resources and ore reserves in accordance with the JORC code and are equivalent to National Instrument 43-101. The reporting of ore reserves is also in accordance with SEC Industry Guide 7. Ore resources consist of insitu tonnes and grade carried out at US$1 000/oz optimisations. Ore reserve pit and underground optimisations are carried out at a gold price of US$700/oz. Dilution and ore loss are incorporated into the calculation of reserves. Addition of individual line items may not sum to sub totals because of the rounding off to two decimal places. Mineral resources are inclusive of mineral reserves. Loulo mineral resources were calculated by Mr Chiaka Berthe an officer of the company under the supervision of Mr Rodney Quick a Qualified Person and officer of the company. Morila mineral resources were calculated by Mr Adama Kone an officer of the company under the supervision of Mr Rodney Quick a Qualified Person and officer of the company. The Tongon and Massawa mineral resources were calculated by Mr Babacar Diouf a Qualified Person and officer of the company. The Kibali mineral resources were calculated by Mr Rick Adams an independent Qualified Person and director of Cube Consulting Pty Ltd. The Loulo mineral reserves were calculated by Mr Samuel Baffoe, Mr Alexander Oduro and Mr Chris Moffat, all officers of Randgold, under the supervision by Mr Onno ten Brinke a Qualified Person and officer of the company. Gounkoto, Tongon and Massawa mineral reserves were calculated by Mr Onno ten Brinke a Qualified Person and officer of the company. The mineral reserves of Morila were calculated by Mr Stephen N’dede a Qualified Person and officer of the company. The Kibali open pit mineral reserves were calculated by Mr Quinton de Klerk, a director of Cube Consulting Pty Ltd and independent Qualified Person. The Kibali underground mineral reserves were calculated by Mr Paul Kerr, an officer of SRK Consulting Perth and an independent Qualified Person.