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Randgold Resources Ltd.

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Summary

Project:

Kibali

Deposit:Kibali
Location:Congo, Democratic Republic Of The
Commodities:Gold
Date:9/24/2018
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:24-9-2018: Randgold Resources Ltd. announces a Resource Estimation report for its Kibali deposit at the Kibali project. JV - Annual update of mineral resources and ore reserves at project. The purpose of this report is to support the public disclosure of
Resources:(Reserve, P+P): 43.15Mt @ 5.03g/t Au for 9.2Moz Au contained Underground
CP/QP:[Resources]: Simon Bottoms (Internal)
ABSTRACT:The purpose of this report is to support the public disclosure of the year end 2017 Mineral Resource and Ore Reserve estimates at the Kibali Gold Mine (Kibali, the Mine or the Project) located in the Democratic Republic of the Congo (DRC) as of 31st December 2017. This Technical Report conforms to National Instrument 43-101 - Standards of Disclosure for Mineral Projects (NI 43-101). All currency in this report is US dollars ($) unless otherwise noted. Kibali Goldmines SA (Kibali Goldmines) is an exploration and mining company which is currently owned 70% by Moto Gold Mines Limited (Moto), and 20% by Kibali Jersey Ltd. Both Moto and Kibali Jersey Ltd. are joint ventures owned 50% by Randgold Resources Limited (Randgold) and 50% AngloGold Ashanti Limited (AngloGold Ashanti). This equates to an overall interest in Kibali Goldmines of 45% for Randgold and 45% for AngloGold Ashanti. The remaining 10% of Kibali Goldmines SA is owned by Congolese parastatal Société Miniere de Kilo-Moto SA UNISARL (SOKIMO) with the shareholding held by the Minister of Portfolio of DRC (MoP). Randgold is the operator at Kibali for both exploration and mining. In addition, Randgold is developing and operating gold mines in West and East Africa. The most notable of these are the following The Project is an operating mine consisting of the Kibali Karagba-Chauffeur-Durba (KCD) underground mine, the KCD open pit, satellite deposits, a processing plant (7.2 Mtpa capacity), three hydropower stations, together with other associated mine operation and regional exploration infrastructure. The plant produces gold doré bars. Total mine production from underground and open pits in 2017 was 7.6 Mt at a head grade of 2.9 g/t Au for a total of 596 koz gold (83.4% recovery). The shaft infrastructure was completed and commissioned in 2017. Underground mining continued to ramp-up during the year, which accounted for 1.8 Mt of this production.

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