Announcement PDF 17 JUNE 2024 ASX/MEDIA RELEASE GROUP MINERAL RESOURCE AND ORE RESERVE STATEMENT • Group Mineral Resource (Group MR) tonnage decreased by 1% to 54.2Mt with contained copper metal up 1% to 822kt and contained zinc metal up 2% to 1,065kt compared to the previous estimate at 31 December 2023. • Group MR includes new resources reported for the Jaguar Deposit. • Group Ore Reserve (Group OR) tonnage decreased by 11% to 14Mt due to mining depletion. Established Australian copper-gold producer and explorer, Aeris Resources Limited (ASX:AIS) (Aeris or the Company) is pleased to release its 31 December 2023 Group Mineral Resource and Ore Reserve Statement for its 100% owned Tritton, Cracow and North Queensland Operations and the Jaguar and Stockman Projects. The Mineral Resource and Ore Reserve estimates are reported in accordance with the guidelines of the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (“JORC 2012”). Group Mineral Resources and Ore Reserves Group Mineral Resources and Ore Reserves are presented in Table 1 and Table 2 following. Aeris Resources Limited ABN 30 147 131 977 Level 6, 120 Edward Street, Brisbane QLD 4000 Australia Post: GPO Box 2460, Brisbane QLD 4001 E: info@aerisresources.com.au T: +61 7 3034 6200 aerisresources.com.au ABN 30 147 131 977 ABN 30 147 131 | Page1 977 Table 1: Group Mineral Resource Estimates at 31 December 2023 BASE METALS Project Tritton Jaguar North Qld Stockman GOLD Project Cracow Category Measured Indicated Inferred Total Measured Indicated Inferred Total Measured Indicated Inferred Total Measured Indicated Inferred Total Total Measured Total Indicated Total Inferred Grand Total Tonnes ('000) 1,300 11,200 10,000 22,500 500 3,400 4,000 7,900 300 2,200 600 3,100 13,400 2,400 15,800 2,100 30,200 16,900 49,300 Cu (%) 1.0 1.3 1.8 1.5 1.6 1.3 1.2 1.3 2.8 2.0 2.0 2.1 2.1 1.1 2.0 1.4 1.7 1.6 1.7 Zn (%) 5.0 7.6 4.0 5.6 4.2 2.6 4.0 1.2 2.7 1.3 2.2 Grade Au (g/t) 0.1 0.3 0.4 0.3 0.3 0.5 0.5 0.5 0.6 0.2 0.1 0.2 1.0 1.5 1.1 0.2 0.6 0.6 0.6 Ag (g/t) 3 4 5 4 63 75 56 65 3 2 2 37 32 36 17 26 21 24 Cu (kt) 13 145 183 342 8 45 47 100 9 44 11 65 288 27 315 31 524 268 822 Contained Metal Zn (kt) Au (koz) 4 91 137 232 25 4 256 51 161 68 442 123 6 13 2 21 561 420 62 117 623 537 25 14 817 576 223 323 1,065 913 Ag (koz) 120 1,280 1,440 2,840 1,030 8,170 7,270 16,460 210 30 240 16,000 2,440 18,450 1,150 25,660 11,190 37,990 Category Measured Indicated Inferred Grand Total Tonnes ('000) 400 2,100 2,400 4,900 Cu (%) - Zn (%) - Grade Au (g/t) 3.9 3.4 2.9 3.4 Ag (g/t) 3 4 4 4 Cu (kt) - Contained Metal Zn (kt) Au (koz) 52 259 208 519 Ag (koz) 39 249 376 664 Notes: • Mineral Resource figures are reported using a variety of cut-off grades (copper or gold) or NSR calculation best suited to each deposit. • Discrepancy in summation may occur due to rounding. • A detailed description for each Mineral Resource estimate is included in the Appendices (apart from the Budgery resource model, which is JORC 2004 compliant). 2|Page Table 2: Group Ore Reserve Estimates at 31 December 2023 BASE METALS Project Tritton Jaguar North Qld Stockman GOLD Project Cracow Category Proved Probable Total Proved Probable Total Proved Probable Total Proved Probable Total Total Proved Total Probable Grand Total Tonnes (‘000) 5 2,790 2,790 90 1,060 1,150 90 80 170 9,640 9,640 190 Category Proved Probable Grand Total Cu (%) 1.8 1.5 1.5 1.4 1.4 1.5 2.4 2.1 2.3 1.9 1.9 1.9 1.8 Zn (%) 8.7 8.3 8.3 4.3 4.3 4.4 3.7 13,750 1.8 3.7 Tonnes (‘000) 100 250 360 Cu (%) - Zn (%) - 13,560 Grade Au (g/t) Ag (g/t) 0.3 5 0.3 5 0.8 74 0.6 45 0.6 48 0.5 0.4 0.4 1.0 36 1.0 36 0.6 37 0.8 30 0.8 30 Grade Au (g/t) Ag (g/t) 3.5 3.4 3.4 - Cu (kt) 0.1 41 41 1 16 17 2 2 2 183 183 3 242 Zn (kt) 8 87 95 413 413 8 500 245 508 Cu (kt) - Zn (kt) - Contained Metal Au (koz) Ag (koz) 23 451 23 451 2 225 21 1,534 23 1,759 1 1 2 318 11,409 318 11,409 4 225 363 13,394 367 13,619 Contained Metal Au (koz) Ag (koz) 12 28 39 - Notes: • Ore Reserve figures are reported using a variety of cut-off criteria suitable for each deposit. • Discrepancy in summation may occur due to rounding. • A detailed description for each Ore Reserve estimate is included in the Appendices. • The Jaguar Ore Reserve has not been updated since the previous reporting period (end December 2022). Operations were suspended at Jaguar in September 2023 and the mine placed on care and maintenance pending restart studies (refer to ASX Release “Corporate Update and FY24 Guidance” 2 Aug 2023). Production in 2023 was 233kt @1.2% Cu, 4.5% Zn, 0.6g/t Au & 52g/t Ag. Ore reserve depletion over the same period was 113kt @ 1.4% Cu, 7.3% Zn, 0.8g/t Au & 78g/t Ag. 3|Page Changes in Group Mineral Resources Relative to estimates at 31 December 2022, Group Mineral Resources have decreased by 1 Mt due to a combination of factors as shown in Figure 1 below. Figure 1: Changes in Group Mineral Resource tonnage relative to 31 December 2022 Mineral Resource changes at each operation are summarised below1: • Tritton Operations Mineral Resource tonnage decreased by 2.5Mt mainly due to mining depletion and reinterpretation of the Tritton, Murrawombie, Budgerygar and Avoca Tank deposits. • Cracow Operations Mineral Resource tonnage remained constant for the reporting period with mining depletion being offset by resource additions. • Jaguar Operations Mineral Resource tonnage increased by 0.75Mt mainly due to the addition of the Jaguar Deposit. • North Queensland Operations Mineral Resource tonnage decreased by 0.3Mt due to mining depletion. • Stockman Project Mineral Resource increased by 1Mt mainly due to a revised interpretation and Net Smelter Return (NSR) calculation. 1 Discrepancy in summation may occur due to rounding 4|Page Changes in Group Ore Reserves Relative to estimates at 31 December 2022, Group Ore Reserves have decreased by 1.7Mt, largely due to mining depletion. Changes to Group Ore Reserves are shown in Figure 2 below. Figure 2: Changes in Group Ore Reserve tonnage relative to 31 December 2022 Ore Reserve changes at each operation are summarised below 2: • Tritton Ore Reserve tonnage decreased by 1.2Mt, predominantly due to mining depletion at Tritton and Murrawombie and the remainder due to an updated mineral resource estimate for Avoca Tank that contains a larger portion of Inferred resource compared to the model used as the basis for the December 2022 estimate. • Cracow Ore Reserve tonnage decreased by 0.2Mt, predominantly due to mining depletion • North Queensland (Mt Colin) Ore Reserve tonnage decreased by 0.2Mt due to mining depletion of 0.4Mt partially offset by a 0.2Mt replacement of ore reserve. • The Jaguar Ore Reserve has not been updated since the previous reporting period (end December 2022). Operations were suspended at Jaguar in September 2023 and the mine placed on care and maintenance pending restart studies (refer to ASX Release “Corporate Update and FY24 Guidance” 2 Aug 2023). Production in 2023 was 233kt @1.2% Cu, 4.5% Zn, 0.6g/t Au & 52g/t Ag. Ore reserve depletion over the same period was 113kt @ 1.4% Cu, 7.3% Zn, 0.8g/t Au & 78g/t Ag. • No change to the Stockman Project Ore Reserve. 2 Discrepancy in summation may occur due to rounding 5|Page This announcement is authorised for lodgement by: Andre Labuschagne Executive Chairman ENDS For further information, please contact: Andre Labuschagne Executive Chairman Tel: +61 7 3034 6200 Stefan Edelman General Manager – Corporate Development investorrelations@aerisresources.com.au or visit our website at www.aerisresources.com.au About Aeris Aeris Resources is a mid-tier base and precious metals producer. Its copper dominant portfolio comprises three operating assets, a mine on care and maintenance, a long-life development project and a highly prospective exploration portfolio. Aeris has a strong pipeline of organic growth projects, an aggressive exploration program and continues to investigate strategic merger and acquisition opportunities. The Company’s experienced board and management team bring significant corporate and technical expertise to a lean operating model. Aeris is committed to building strong partnerships with its key community, investment and workforce stakeholders. 6|Page Competent Persons Statements Tritton Operation Mineral Resource Estimate The Mineral Resource Estimates reported for the Tritton, Murrawombie, Budgerygar, Avoca Tank and Budgery deposits is based on information compiled by Angela Dimond (BSc (Hons), MAusIMM) who is a full-time employee of Aeris Resources Limited. Mrs Dimond is a Competent Person as defined by the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’, having sufficient experience relevant to the style of mineralisation and type of deposit described in the Report and to the activity for which she is accepting responsibility. Mrs Dimond has reviewed the Mineral Resource section (Tritton, Murrawombie, Budgerygar, Avoca Tank and Budgery) of this Report to which this Consent Statement applies and consents to the inclusion in the Report of the matters based on her information in the form and context in which it appears. The Mineral Resource Estimate reported for the Constellation deposit is based on information compiled by Brad Cox (BSc (Hons), MAusIMM) who is a full-time employee of Aeris Resources Limited. Mr Cox is a Competent Person as defined by the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’, having sufficient experience relevant to the style of mineralisation and type of deposit described in the Report and to the activity for which he is accepting responsibility. Mr Cox has reviewed the Constellation deposit Mineral Resource section of this Report to which this Consent Statement applies and consents to the inclusion in the Report of the matters based on his information in the form and context in which it appears. Mr Cox discloses that he holds 688,445 shares in Aeris Resources. The Mineral Resource Estimate reported for the Kurrajong deposit is based on information compiled by Andrew Fowler (PhD, MAusIMM) who is a full-time employee of Aeris Resources Limited. Dr Fowler is a Competent Person as defined by the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’, having sufficient experience relevant to the style of mineralisation and type of deposit described in the Report and to the activity for which he is accepting responsibility. Dr Fowler has reviewed the Kurrajong Mineral Resource section of this Report to which this Consent Statement applies and consents to the inclusion in the Report of the matters based on his information in the form and context in which it appears. Tritton Operation Ore Reserve Estimate The Ore Reserve Estimates reported for the Tritton, Budgerygar, Avoca Tank and Murrawombie (underground) deposits is based on information compiled by Tim Brettell (BEng, MAusIMM) who is a full-time employee of Aeris Resources Limited. Mr Brettell is a Competent Person as defined by the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’, having sufficient experience relevant to the style of mineralisation and type of deposit described in the Report and to the activity for which he is accepting responsibility. Mr Brettell has reviewed the Ore Reserve section (Tritton, Budgerygar, Avoca Tank and Murrawombie (underground)) of this Report to which this Consent Statement applies and consents to the inclusion in the Report of the matters based on his information in the form and context in which it appears. The Ore Reserve Estimates reported for the Murrawombie open pit deposit is based on information compiled by Cam Schubert (BSc (Hons), MEngSc, MAppSc, MBA FAusIMM) who is a full-time employee of Aeris Resources Limited. Mr Schubert is a Competent Person as defined by the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’, having sufficient experience relevant to the style of mineralisation and type of deposit described in the Report and to the activity for which he is accepting responsibility. Mr Schubert has reviewed the Ore Reserve section (Murrawombie open pit) of this Report to which this Consent Statement applies and consents to the inclusion in the Report of the matters based on his information in the form and context in which it appears. 7|Page Cracow Operation Mineral Resource Estimate The Mineral Resource Estimates reported for the Cracow deposit were prepared by Gerson Sternadt (BSc, MAusIMM) who is a full-time employee of Aeris Resources Limited. Mr Sternadt is a Competent Person as defined by the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’, having sufficient experience relevant to the style of mineralisation and type of deposit described in the Report and to the activity for which he is accepting responsibility. Mr Sternadt has reviewed the Cracow deposits Mineral Resource section of this Report to which this Consent Statement applies and consents to the inclusion in the Report of the matters based on his information in the form and context in which it appears. Cracow Operation Ore Reserve Estimate The Ore Reserve Estimates reported for the Cracow operation is based on information compiled by Max McInnis (BEng, MAusIMM) who is a full-time employee of Aeris Resources Limited. Mr McInnis is a Competent Person as defined by the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’, having sufficient experience relevant to the style of mineralisation and type of deposit described in the Report and to the activity for which he is accepting responsibility. Mr McInnis has reviewed the Cracow Ore Reserve section of this Report to which this Consent Statement applies and consents to the inclusion in the Report of the matters based on his information in the form and context in which it appears. Jaguar Operation Mineral Resource Estimates The Mineral Resource Estimates reported for the Jaguar deposits (Bentley, Triumph and Teutonic Bore) were prepared by Andrew Fowler (PhD, MAusIMM) who is a full-time employee of Aeris Resources Limited. Dr Fowler is a Competent Person as defined by the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’, having sufficient experience relevant to the style of mineralisation and type of deposit described in the Report and to the activity for which he is accepting responsibility. Dr Fowler has reviewed the Jaguar deposits (Bentley, Triumph, Jaguar and Teutonic Bore) Mineral Resource section of this Report to which this Consent Statement applies and consents to the inclusion in the Report of the matters based on his information in the form and context in which it appears. Jaguar Operation Ore Reserve Estimate The Ore Reserve Estimate reported for the Jaguar Operation (Bentley deposit) is based on information compiled by Benjamin James (MAusIMM) who was a full-time employee of Aeris Resources Limited at the time of the preparation of the estimate. Mr James is a Competent Person as defined by the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’, having sufficient experience relevant to the style of mineralisation and type of deposit described in the Report and to the activity for which he has accepted responsibility. The Ore Reserve estimate for the Jaguar Operation has not been updated since it was first publicly reported by Aeris Resources Ltd on 18th April 2023. Aeris Resources Ltd confirms that it is not aware of any new information or data that materially affects the previous Ore Reserve estimate and all material assumptions and technical parameters underpinning the previous Ore Reserve estimate continue to apply and have not materially changed. Aeris Resources Ltd confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified. 8|Page North Queensland Operation Mineral Resource Estimates The Mt Colin and Barbara Mineral Resource Estimates reported for North Queensland were prepared by Andrew Fowler (PhD, MAusIMM) who is a full-time employee of Aeris Resources Limited. Dr Fowler is a Competent Person as defined by the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’, having sufficient experience relevant to the style of mineralisation and type of deposit described in the Report and to the activity for which he is accepting responsibility. Dr Fowler has reviewed the Mt Colin and Barbara Mineral Resource sections of this Report to which this Consent Statement applies and consents to the inclusion in the Report of the matters based on his information in the form and context in which it appears. The Mineral Resource Estimate reported for the Lillymay deposit was prepared by Brad Cox (BSc (Hons), MAusIMM) who is a full-time employee of Aeris Resources Limited. Mr Cox is a Competent Person as defined by the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’, having sufficient experience relevant to the style of mineralisation and type of deposit described in the Report and to the activity for which he is accepting responsibility. Mr Cox has reviewed the Lillymay Mineral Resource section of this Report to which this Consent Statement applies and consents to the inclusion in the Report of the matters based on his information in the form and context in which it appears. Mr Cox discloses that he holds 688,445 shares in Aeris Resources. North Queensland Operation Ore Reserve Estimate The Ore Reserve Estimates reported for the Mt Colin Operation is based on information compiled by Aaron Layt (MAusIMM) who is a full-time employee of Aeris Resources Limited. Mr Layt is a Competent Person as defined by the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’, having sufficient experience relevant to the style of mineralisation and type of deposit described in the Report and to the activity for which he is accepting responsibility. Mr Layt has reviewed the Ore Reserve section (Mt Colin deposit) of this Report to which this Consent Statement applies and consents to the inclusion in the Report of the matters based on his information in the form and context in which it appears. Stockman Mineral Resource Estimates The Mineral Resource Estimates reported for the Stockman deposits (Currawong, Wilga, Eureka and Bigfoot) were prepared by Andrew Fowler (PhD, MAusIMM) who is a full-time employee of Aeris Resources Limited. Dr Fowler is a Competent Person as defined by the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’, having sufficient experience relevant to the style of mineralisation and type of deposit described in the Report and to the activity for which he is accepting responsibility. Dr Fowler has reviewed the Stockman deposits (Currawong, Wilga, Eureka and Bigfoot) Mineral Resource section of this Report to which this Consent Statement applies and consents to the inclusion in the Report of the matters based on his information in the form and context in which it appears. Stockman Ore Reserve Estimate The Ore Reserve Estimates reported for the Currawong and Wilga deposits is based on information compiled by John McKinstry (MAusIMM). Mr McKinstry is a Competent Person as defined by the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’, having sufficient experience relevant to the style of mineralisation and type of deposit described in the Report and to the activity for which he is accepting responsibility. Mr McKinstry is a former employee of Round Oak Minerals Ltd who were the owners of the Stockman project at the time of preparation of the Ore Reserve Estimate for Stockman included in this report. The Ore Reserve estimate for the Currawong and Wilga deposits has not been updated since it was first publicly reported by Aeris Resources Ltd on 19th September 2022 in its Group Mineral Resource and Ore Reserve Statement. Aeris Resources Ltd confirms that it is not aware of any new information or data that materially affects the previous Ore Reserve estimate and all material assumptions and technical parameters underpinning the previous Ore Reserve estimate continue to apply and have not materially changed. Aeris Resources Ltd confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified. 9|Page Table of Contents GROUP MINERAL RESOURCE AND ORE RESERVE STATEMENT .................................................... 1 Group Mineral Resources and Ore Reserves.......................................................................... 1 Changes in Group Mineral Resources .................................................................................... 4 Changes in Group Ore Reserves ............................................................................................. 5 Competent Persons Statements .............................................................................................. 7 Tritton Mineral Resources and Ore Reserves ............................................................................ 13 1. Summary ........................................................................................................................... 13 2. Introduction ...................................................................................................................... 14 3. Material assumptions for Mineral Resource Estimate .................................................... 15 4. Changes from prior Mineral Resource Estimate ............................................................ 20 5. Material assumptions for Ore Reserve Estimate ............................................................ 21 6. Changes from prior Ore Reserve Estimate ..................................................................... 22 Cracow Mineral Resources and Ore Reserves......................................................................... 23 7. Summary ........................................................................................................................... 23 8. Introduction ...................................................................................................................... 23 9. Material Assumptions for Mineral Resource Estimate.................................................... 25 10. Changes from prior Mineral Resource Estimate ............................................................ 28 11. Material Assumptions for Ore Reserve Estimate ............................................................ 30 12. Changes from prior Ore Reserve Estimate ..................................................................... 30 Jaguar Mineral Resources and Ore Reserves .......................................................................... 32 13. Summary ........................................................................................................................... 32 14. Introduction ...................................................................................................................... 33 15. Material Assumptions for Mineral Resource Estimate.................................................... 35 16. Changes from prior Mineral Resource Estimate ............................................................ 39 17. Material Assumptions for Ore Reserve Estimate ............................................................ 42 18. Changes from Prior Ore Reserve Estimate ..................................................................... 42 North Queensland Mineral Resources and Ore Reserves ....................................................... 43 19. Summary ........................................................................................................................... 43 20. Introduction ...................................................................................................................... 44 21. Material Assumptions for Mineral Resource Estimate.................................................... 45 22. Changes from prior Mineral Resource Estimate ............................................................ 48 23. Material Assumptions for Ore Reserve Estimate ............................................................ 50 24. Changes from prior Ore Reserve Estimate ..................................................................... 51 Stockman Mineral Resources and Ore Reserves ..................................................................... 53 25. Summary ........................................................................................................................... 53 26. Introduction ...................................................................................................................... 54 27. Material Assumptions for Mineral Resource Estimate.................................................... 56 28. Changes from prior Mineral Resource Estimate ............................................................ 58 10 | P a g e 29. Material Assumptions for Ore Reserve Estimate ............................................................ 60 30. Changes from prior Ore Reserve Estimate ..................................................................... 61 APPENDICES – JORC Code 2012, Table 1 ................................................................................. 62 TRITTON OPERATIONS.................................................................................................................. 63 Avoca Tank Deposit - JORC Code, 2012 - Table 1 .................................................................. 64 Section 1 Avoca Tank Deposit - Sampling Techniques and Data .......................................... 64 Section 3 Avoca Tank Deposit - Estimation and Reporting of Mineral Resources ................ 67 Section 4 Avoca Tank Deposit - Estimation and Reporting of Ore Reserves ......................... 71 Budgerygar Deposit - JORC Code, 2012 - Table 1 .................................................................. 79 Section 1 Budgerygar Deposit - Sampling Techniques and Data .......................................... 79 Section 3 Budgerygar Deposit - Estimation and Reporting of Mineral Resources................. 83 Section 4 Budgerygar Deposit - Estimation and Reporting of Ore Reserves ......................... 86 Constellation Deposit JORC Code, 2012 Edition Table 1 ........................................................ 94 Section 1 Constellation Deposit - Sampling Techniques and Data........................................ 94 Section 3 Constellation Deposit - Estimation and Reporting of Mineral Resources .............. 99 Kurrajong Deposit JORC Code, 2012 Edition Table 1 ............................................................ 103 Section 1 Kurrajong Deposit - Sampling Techniques and Data ............................................ 103 Section 3 Kurrajong Deposit - Estimation and Reporting of Mineral Resources .................. 106 Murrawombie Deposit JORC Code, 2012 Edition Table 1..................................................... 110 Section 1 Murrawombie Deposit - Sampling Techniques and Data .................................... 110 Section 3 Murrawombie Deposit - Estimation and Reporting of Mineral Resources ........... 113 Section 4 Murrawombie Deposit - Estimation and Reporting of Ore Reserves ................... 116 Tritton Deposit JORC Code, 2012 Edition Table 1 .................................................................. 129 Section 1 Tritton Deposit - Sampling Techniques and Data .................................................. 129 Section 3 Tritton Deposit - Estimation and Reporting of Mineral Resources......................... 134 Section 4 Tritton Deposit - Estimation and Reporting of Ore Reserves ................................. 138 CRACOW OPERATION.............................................................................................................. 146 Cracow Operation JORC Code, 2012 Edition Table 1 .......................................................... 147 Section 1 Cracow Operation - Sampling Techniques and Data ......................................... 147 Section 3 Cracow Operation - Estimation and Reporting of Mineral Resources ................ 152 Section 4 Cracow Operation - Estimation and Reporting of Ore Reserves ......................... 156 JAGUAR COMPLEX ................................................................................................................... 163 Teutonic Bore Deposit JORC Code, 2012 Edition Table 1 ..................................................... 164 Section 1 Teutonic Bore Deposit - Sampling Techniques and Data ..................................... 164 Section 3 Teutonic Bore Deposit - Estimation and Reporting of Mineral Resources ........... 168 Triumph Deposit JORC Code, 2012 Edition Table 1 ............................................................... 171 Section 1 Triumph Deposit - Sampling Techniques and Data ............................................... 171 Section 3 Triumph Deposit - Estimation and Reporting of Mineral Resources ..................... 174 Bentley Deposit JORC Code, 2012 Edition Table 1 ................................................................ 178 Section 1 Bentley Dep