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Sandstorm Gold Ltd.

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Summary

Project:

Hod Maden

Deposit:Hod Maden
Location:Turkey
Commodities:Gold-Copper-Silver-Zinc-Lead
Date:6/26/2018
Report Code:NI43-101
Report Type:Pre-Feasibility Study
Project Stage:Pursuing Feasibility Study
Report details:26-6-2018: Sandstorm Gold Ltd. announces a Pre-Feasibility Study report for its Hod Maden deposit at the Hod Maden project. PFS Results incl. post-tax NPV of US $1076M (5%), IRR of 50%, Initial ore reserve at project. This Technical Report presents the fi
Resources:(Reserve, P+P): 9.120Mt @ 8.9g/t Au, 1.4% Cu for 2.6Moz Au, 129Kt Cu contained
CP/QP:[Overall Report]: Rodney Webster (AMC Consultants Pty Ltd.)
ABSTRACT:This Technical Report presents the findings of a Pre-Feasibility Study (PFS) undertaken for the proposed development of a gold-copper mine at the Hod Maden Project (Hod Maden or “the Project”) in north eastern Turkey. The Project is located within the Hod Maden Property (Property) which is owned by Artmin Madencilik San. Tic. A. Ş (Artmin); a jointly owned company between Lidya Madencilik (Lidya) (70%) and Sandstorm Gold Ltd. (Sandstorm) (30%). This Technical Report has been prepared following the guidelines of the Canadian Securities Administrators’ National Instrument 43-101 and Form 43-101F1. The Mineral Resource and Mineral Reserve statements reported herein were prepared in conformity with CIM Definition Standards for Mineral Resources and Mineral Reserves (2014). AMC Consultants Pty Ltd (AMC), GR Engineering Services Limited (GRES) and Hacettepe Mineral Teknolojileri Ltd. Şti (HMT) (the Consultants) were engaged to prepare this Technical Report for Sandstorm. The Project is located in eastern Turkey, Artvin Province, near the border with Georgia and is accessible from Artvin city (approximately 50 kilometres) or from Erzurum city (130 km via Yusufeli) as shown in Figure 1.1. The highways from Artvin or Erzurum are asphalt to the new main road junction alongside the new reservoir on the Çoruh River. The road leading away from the reservoir to the working area and nearby Yukarimaden village is partly asphalt. Erzurum is the nearest city with an international and significant domestic airport (the alternative is Trabzon).

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