Since 2020 we have delivered 3.5 million ounces of Mineral Reserve growth, before mining depletion, exceeding our 3 million ounce target. This has been driven by reserve growth of almost 1.6 million ounces at Sukari and a maiden 1.9 million ounce reserve at Doropo.
The progress made in 2023 is testament to the geological opportunity within our portfolio, the quality of
HIGHLIGHTS
Sukari Proven & Probable ('P&P') Mineral Reserves increased by 10% to 5.8Moz compared to the 5.3Moz Mineral Reserve estimate included in the new Life of Mine Plan (available here) published on
Group P&P Mineral Reserves increased by 3.5 million ounces ('Moz') since 2020, before depletion, exceeding the Company's stated target of 3.0Moz
Group P&P Mineral Reserves increased 28% compared to 2022 , to a total of 194Mt at an average grade of 1.23g/t for 7.7Moz of contained gold, driven by reserve growth at Sukari and the inclusion of maiden Mineral Reserves at Doropo in
Group Measured & Indicated ('M&I') Mineral Resources of 392Mt at an average grade of 1.06 g/t for 13.4Moz of contained gold (inclusive of Mineral Reserves). Reflecting resource growth at Doropo and depletion at Sukari
Following the completion of the DFS drill programme the Doropo M&I Mineral Resources increased by 23% to 77Mt at 1.26g/t for 3.1Moz of contained gold. The updated resource will form the basis of the DFS reserve update in mid-2024.
OUTLOOK
The 2024 geological programme continues to target resource and reserve growth across the portfolio and comprises of :
285,000 metres of drilling budgeted at Sukari for 2024, with a focus on grade control and infill drilling to support short and medium term planning, and longer term extensional drilling
With the Doropo definitive feasibility study ('DFS') resource drilling complete, 10,200 metres of sterilisation drilling is budgeted in 2024 as part of the DFS to confirm infrastructure locations. With publication expected in mid-2024
The full assay results from the Eastern Desert Exploration ('EDX') maiden 16,000 metre drill campaign are expected in Q1 2024 with a follow-up work programme to be based on an analysis of the results.
SUMMARY GROUP MINERAL RESOURCE & RESERVE TABLE
ABOUT
Through its large portfolio of exploration assets in
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Email: investor@centaminplc.com
MINERAL RESOURCE & RESERVE STATEMENTS
The Mineral Resource and Reserve data presented in the tables included in this document comprise of summary extracts of the respective technical reports.
Mineral Resource Estimate
As at
Our improved geological understanding has resulted in an in-house model which better reflects the known distribution of mineralisation consequently improving its application for mine planning. Enhancements to the classification process have resulted in a redistribution of the Mineral Resource estimate between the Measured and Indicated categories, primarily within the open pit. The goal remains to continue improving our understanding of the orebody and increase the classification of Indicated to Measured. This will be done largely through advanced grade control drilling to further support near term mine planning.
Cut-off grades have been clearly stated, along with the gold price assumption of
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