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Silver Lake Resources Ltd.

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Summary

Project:

Mount Monger

Deposit:Mount Monger
Location:Australia
Commodities:Gold
Date:8/4/2017
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:4-8-2017: Silver Lake Resources Ltd. announces a Resource Estimation report for its Mount Monger deposit at the Mount Monger project. Updated mineral resources and ore reserves for project. The Company’s total MMO Measured, Indicated and Inferred Mineral
Resources:(Reserve, P+P): 4.147Mt @ 3.5g/t Au for 466Koz Au contained at project
CP/QP:[Resources]: Matthew Karl (Internal)
ABSTRACT:The Company’s total MMO Measured, Indicated and Inferred Mineral Resources as at 30 June 2017 are 28.1 million tonnes (Mt) @ 3.6 grams per tonne of gold (g/t Au) containing 3.29 million ounces of gold (Moz) (refer Tables 1, 2). The previous publicly reported estimate of MMO Mineral Resources was 28.2 Mt @ 3.6 g/t Au containing 3.23 Moz of gold as at 30 June 2016, announced on 26 August 2016. The Mineral Resources as at 30 June 2017 are estimated after allowing for mining depletion from MMO during the 2017 financial year. The total MMO Proved and Probable Gold Ore Reserve as at 30 June 2017 are 4.15 million tonnes (Mt) @ 3.5 grams per tonne of gold (g/t Au) containing 0.47 million ounces of gold (Moz) (refer Tables 3 and 4). The previous publicly reported estimate of MMO Gold Ore Reserves was 3.73 Mt @ 3.2 g/t Au containing 0.39 Moz of gold as at 30 June 2016, announced on 26 August 2016. The Ore Reserves as at 30 June 2016 are estimated after allowing for mining depletion from MMO over the 2017 financial year. All Ore Reserves were estimated using a gold price of A$ 1,500 / oz, apart from the French Kiss, Cock-eyed Bob and Maxwells Ore Reserves using A$1,600 / oz, and the Harry’s Hill Ore Reserve using A$1,700 / oz.

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