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Dundee Precious Metals Inc.

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Summary

Project:

Chelopech

Deposit:Chelopech
Location:Bulgaria
Commodities:Gold-Copper-Silver-Sulphur-Arsenic
Date:3/28/2018
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:28-3-2018: Dundee Precious Metals Inc. announces a Resource Estimation report for its Chelopech deposit at the Chelopech project. Updated mineral resources and reserves at project. CSA Global (UK) Ltd (“CSA Global”) was requested by Dundee Preci
Resources:(Reserve, P+P): 18.77Mt @ 3.13g/t Au, 6.79g/t Ag, 0.91% Cu, 12.63% S, 0.28% As at project
CP/QP:[Resources]: Maria O'Connor (CSA Global Pty Ltd.)
ABSTRACT:CSA Global (UK) Ltd (“CSA Global”) was requested by Dundee Precious Metals Chelopech (“DPMC”), to supervise, verify and validate the Mineral Resource Estimate (“MRE”) and Mineral Reserve Estimate for its Chelopech underground copper and gold mine. The change being reported is an update to the Mineral Resource and Mineral Reserve Estimates. The authors of this technical report do not disclaim any responsibility for the Mineral Resource and Mineral Reserve Estimate presented herein. DPMC is a wholly owned subsidiary of Dundee Precious Metals Inc. (“DPM”), a public company headquartered in Toronto, Canada and listed on the Toronto Stock Exchange (TSX: DPM). This report has been prepared for DPM to fulfil the requirements of National Instrument 43‐101 Standards of Disclosure for Mineral Projects (“NI 43‐101”), as it relates to the estimation and reporting of Mineral Resources and Mineral Reserves situated on properties owned and controlled by DPM and its subsidiaries. The MRE reported herein is current as at December 31st, 2017 and has been used as the basis for estimating the Mineral Reserve Estimate as outlined in this document, current as at December 31st, 2017. The mined volumes used to deplete the resource are as at December 31st, 2017. The MRE for Chelopech is reported in Table 2. The cut‐off grade was selected in light of the economic sensitivities of the mine and informed by current mining practises.

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