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Silver Lake Resources Ltd.

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Summary

Project:

Mount Monger

Deposit:Mount Monger
Location:Australia
Commodities:Gold
Date:8/27/2019
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:27-8-2019: Silver Lake Resources Ltd. announces a Resource Estimation report for its Mount Monger deposit at the Mount Monger project. Annual mineral resource and reserve statement. Silver Lake Resources Limited (“Silver Lake” or the “Company”) is pleased
Resources:(Reserve, P+P): 5.083Mt @ 3.0g/t Au at Mount Monger total
CP/QP:[Resources]: Aslam Awan, Matthew Karl (Internal;Mining Plus Pty Ltd.)
ABSTRACT:Silver Lake Resources Limited (“Silver Lake” or the “Company”) is pleased to present its Mineral Resource and Ore Reserve Statement as at 30 June 2019. FY20 Group exploration budget of $18 million will focus on advancing high priority targets at Mount Monger through to an investment decision and defining Resource extensions and additional near mine Resources at Deflector. Group Ore Reserves total 835,000 ounces of gold and 5,500 tonnes of copper, a 59% increase on 30 June 2018. The step change reflects the addition of Ore Reserves from Deflector following the completion of the acquisition of Doray Minerals in April 2019. Group Mineral Resources total 5.3 million ounces of gold and 14,100 tonnes of copper, a 43% increase on 30 June 2018. The step change reflects the addition of Mineral Resources from Deflector and the Andy Well and Gnaweeda projects following the completion of the acquisition of Doray Minerals in April 2019.

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