The Awak Mas Gold Project Probable Reserve at 0.5 g/t Au cut‐off using a US$1250/oz gold price is 23.7 Mt at 1.35 g/t Au for 1,030,000 contained ounces (reported April 2018). The Ore Reserve estimate (Table 1) is based on the Mineral Resource estimate reported for the Awak Mas and Salu Bulo deposits in January 2018 and February 2018 respectively, and work completed in the first stage of the Definitive Feasibility Study (DFS).
The DFS remains on track for delivery in July 2018:
• A further material upgrade in the Ore Reserve which will be used to finalise the DFS is anticipated in June, following incorporation of the 16 remaining drill holes not included in the current Mineral Resource estimate
•The focus of the DFS is now on value enhancement with attention to waste dump design, pit optimisation, materials handling efficiency, and mine scheduling