Gascoyne Resources

Competent Person Statement


 

Information on this website relating to mineral resources and exploration results is based on data compiled by Gascoyne Resources Limited Managing Director Mr Michael Dunbar and Mr Julian Goldsworthy (General Manager) whom are  members of The Australasian Institute of Mining and Metallurgy. Mr Dunbar & Mr Goldsworthy has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons under the 2012 Edition of the Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Dunbar & Mr Goldsworthy consents to the inclusion of the data in the form and context in which it appears.

The resources quoted for the Glenburgh Project have been estimated for Gascoyne Resources Limited by RungePinockMinarco Limited, an international and independent resource consultancy under the 2004 JORC Code.It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since last reported.The current Glenburgh  2004 JORC resource is classified as Indicated and Inferred and as a result, is not sufficiently defined to allow conversion to an ore reserve; the financial analysis in the preliminary Feasibility Study is conceptual in nature and should not be used as a guide for investment. It is uncertain if additional exploration will allow conversion of the Inferred resource to a higher confidence resource (Indicated or Measured) and hence if a reserve could be determined for the project in the future. Exploration, Production targets and the resulting mineral inventory referred to in the preliminary Feasibility Study are conceptual in nature and include areas where there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.  

The resources quoted for the Dalgaranga project have been estimated for Gascoyne Resources Limited by Elemental Geology Pty Ltd an independent resource consultancy under the 2012 Edition of the Australian Code for reporting Exploration Results, Mineral Resources and Ore Reserves. The laterite reources quoted for Dalgaranga are sourced from Equigold NL annual reports, and other publicly available reports which have undergone a number of peer reviews by qualified consultants, that conclude that the resources comply with the JORC Code 2004 and are suitable for public reporting; it has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported. 

The resources quoted for the Egerton project have been sourced from Exterra Resources reports, prospectus and other publicly available reports and in particular the “Hibernian Gold Deposit Resource Report” by Finore Pty Ltd which have undergone a number of peer reviews by qualified consultants, that conclude that the resources comply with the JORC 2004 code and suitable for public reporting. The resource was announced to the ASX by NGM Resources Ltd on 9 August 2005. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was reported last.