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Statement of
Mt Gibson Project Resource
As at 31 December 2006
SUMMARY
In March 2007 Legend commissioned an independent review of the Mt
Gibson Mineral Resources as at 31 December 2006. The work
was carried out by Dr S Carras of Carras Mining Pty Ltd, an
acknowledged expert in this field. A summary is tabulated below:-
TOTAL LEGEND MINERAL RESOURCE – 31 DECEMBER 2006
|
Project |
Measured
(Au ozs) |
Indicated
(Au ozs) |
Inferred
(Au ozs) |
Total
(Au ozs) |
|
Mt Gibson |
0 |
547,200 |
11,800 |
559,000 |
Au ozs: ounces of contained gold
Detailed Mt Gibson Project Mineral Resources
As at 31 December 2006
|
Prospect |
JORC
Classification |
Tonnes
(t) |
Grade
(g/t) |
Au
(ozs) |
COG
(g/t) |
Comments |
|
Saratoga |
Indicated |
1,747,000 |
1.76 |
98,900 |
1.0 |
MMW and MD
applied. |
|
Orion
2/3 |
Indicated |
2,681,000 |
1.92 |
166,000 |
1.0 |
MMW and MD
applied. |
|
Enterprise |
Indicated |
411,600 |
1.92 |
25,400 |
1.0 |
MMW and MD
applied. Enterprise, Enterprise West and Yorktown were
previously reported as Midway. |
|
Enterprise West |
Indicated |
449,900 |
1.76 |
25,500 |
1.0 |
|
Yorktown |
Indicated |
494,200 |
1.67 |
26,500 |
1.0 |
|
Hornet |
Indicated |
1,167,000 |
2.05 |
77,000 |
1.0 |
MMW and MD
applied. |
|
Capricorn |
Indicated |
269,900 |
2.25 |
19,500 |
1.0 |
MMW and MD
applied. |
|
Mt
Gibson Laterite |
Indicated |
116,000 |
1.15 |
4,300 |
1.0 |
|
|
Highway
South |
Indicated |
111,000 |
2.73 |
9,800 |
1.0 |
Internally
diluted. |
|
Aquarius |
Indicated |
85,700 |
2.59 |
7,100 |
1.0 |
Internally
diluted. |
|
Orion 1 |
Indicated |
524,000 |
2.03 |
34,200 |
1.0 |
Undiluted. |
|
Howler |
Indicated |
380,600 |
2.55 |
31,200 |
1.0 |
Internally
diluted. |
|
Tobias
Find |
Indicated |
130,400 |
2.58 |
10,800 |
1.0 |
Internally
diluted. |
|
Sheldon |
Indicated |
105,200 |
3.25 |
11,000 |
1.0 |
Internally
diluted. |
|
TOTAL
INDICATED |
8,673,500 |
1.96 |
547,200 |
|
|
Orion
2/3 Underground |
Inferred |
60,500 |
4.40 |
8,600 |
3.0 |
MMW and MD
applied. |
|
Hornet
Underground |
Inferred |
20,000 |
5.00 |
3,200 |
3.0 |
|
TOTAL
INFERRED |
80,500 |
4.55 |
11,800 |
|
|
|
|
|
|
|
TOTAL
INDICATED+INFERRED |
8,754,000 |
1.98 |
559,000 |
Mineral Resources are estimated using open-cut mining parameters
unless otherwise stated.
MD = mining dilution, MMW = minimum mining width, COG = lower
cut-off grade.
The information on Mineral Resources at Mt Gibson
contained in this report is based on data compiled by Dr S Carras of
Carras Mining Pty Ltd, a Fellow of The Australasian Institute of
Mining and Metallurgy. Dr Carras has sufficient experience which is
relevant to the style of mineralisation and type of deposits under
consideration and in the activity he is undertaking to qualify as a
Competent Person as defined in the 2004 Edition of the “Australian
Code for Reporting of Exploration Results, Mineral Resources and Ore
Reserves” and consents to the inclusion of the information in the
form and context in which it appears.
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