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Frontier Resources Ltd.

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Summary

Project:

Gazelle

Deposit:Sinivit Mine
Location:Papua New Guinea
Commodities:Gold
Date:1/3/2017
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:3-1-2017: Frontier Resources Ltd. announces a Resource Estimation report for its Sinivit Mine deposit at the Gazelle project. Evaluation of Sinivit Mine resources. Frontier Resources Limited (Frontier) is pleased to announce that evaluation of the resourc
Resources:(Resource, I+I): 1.721Mt @ 3.93g/t Au at Sinivit Mine
CP/QP:[Resources]: Peter A. McNeil (Internal)
ABSTRACT:Frontier Resources Limited (Frontier) is pleased to announce that evaluation of the resource estimations of the former Sinivit Mine, Gazelle Exploration Licence Application 2515 (ELA) has been undertaken which shows that the mine area contains approximately 217,000 ounces of Indicated and Inferred Resources of gold, grading 3.93 g/t, that is hosted in 1.7 million tonnes of ore. Resources are tabulated below as Indicated (showing individual area estimates) plus as Inferred (global). Frontier’s Gazelle ELA summary (released on 16/12/2016) contained the Indicated estimates above (*) by Mining Associates (3/10/2011) for the Sinivit Oxide Zones, plus Inferred Resources for the Kavursuki Zone. Mining Associates later re-estimated the Kavursuki Resources (11/4/2013) based on additional drilling and they were converted totally to Indicated status (** the table above). As such, the Inferred Resources for Kavursuki (estimated 3/10/2011) were removed from the total Inferred and its subsequent re-estimation (11/4/2013) as Indicated Resources are included above. No re-estimation of the resources by Frontier has occurred, just a merger of the information to reflect the revision. The Mining Associates’ reports have been uploaded in their entirety to the Frontier website (as noted 16/12/2016) for review by interested parties. As noted in the general summary released on 16/12/2016, former operator at Sinivit supposedly recommenced mining in late January 2012 and mined a fraction more of the oxide resources (subsequent to the 3/10/2011 estimation), but no production figures can be obtained; it is assumed to have been a very minor amount as the only production figures located showed 693 ounces extracted in Q2 2012.

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