Resources and Reserves

Resource as reported 10 November 2016

The Mineral Resource Estimates (JORC 2012), undertaken by independent mining consultancy CSA Global Pty Ltd, are summarised in the table below.

Tonnes Cu Pb Zn Au Ag Cu metal Pb metal Zn metal Au Ag
Mt wt% wt% wt% g/t g/t kt kt kt koz Moz
ABM Deposit: ABM Zone
Indicated 14.6 1.0 1.6 6.1 1.3 132 141.2 229.7 888.9 615.0 62.2
Inferred 0.4 1.5 1.4 4.2 1.0 107 5.5 5.2 15.5 11.6 1.3
total 15.0 1.0 1.6 6.0 1.3 132 146.7 234.9 904.4 626.6 63.5
ABM Deposit: Krakatoa Zone
Indicated 3.7 0.6 3.1 7.2 1.8 211 23.1 116.7 265.9 213.1 25.2
Inferred 0.5 0.8 1.7 8.9 1.2 161 3.7 8.4 43.5 18.7 2.5
total 4.2 0.6 3.0 7.4 1.7 205 26.8 125.1 309.4 231.8 27.7
ABM Deposit (total)
Indicated 18.3 0.9 1.9 6.3 1.4 148 164.4 346.5 1,154.8 828.1 87.4
Inferred 0.9 1.1 1.6 6.9 1.1 138 9.2 13.6 58.9 30.3 3.8
TOTAL 19.2 0.9 1.9 6.3 1.4 148 173.6 360.1 1,213.7 858.4 91.2
GP4F Deposit
Indicated 1.0 0.2 2.7 5.7 1.0 83 1.6 26.9 56.7 31.3 2.7
Inferred 0.7 0.2 2.4 4.8 2.0 59 1.1 16.4 33.3 43.8 1.3
TOTAL 1.7 0.2 2.6 5.3 1.4 73 2.7 43.3 90.0 75.1 4.0
ABM + GP4F
Indicated 19.3 0.9 1.9 6.3 1.4 145 166.0 373.4 1,211.5 859.4 90.1
Inferred 1.5 0.7 2.0 6.0 1.5 103 10.3 30.0 92.2 74.1 5.1
TOTAL 20.9 0.9 1.9 6.2 1.4 142 176.3 403.4 1,303.7 933.5 95.2

JORC Competent Person Statement

The information in this report that relates to BMC Mineral Resources and Exploration Results is in part a compilation of previously published data for which a Competent Persons consent was obtained. Their consent remains in place for subsequent releases by the Company of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent. The information in this report has been extracted from the BMC Public Releases “Significant New Discovery and Major Resource Upgrade for KZK Zn-Pb-Cu-Ag-Au Project, Yukon”, dated 22nd January 2016, “Acquisition of the Wolf (Zn-Pb-Ag) Property, Yukon”, dated 18th July 2016, “Mineral Resource Update for KZK Zn-Pb-Cu-Ag-Au Project, Yukon” dated 10th November 2016, “Preliminary Wolf Deposit Mineral Resource Estimate, Kudz Ze Kayah Project, Yukon”, dated 23rd January 2017, and “BMC Acquires Option over Fyre Lake (Cu-Au) Property, Yukon”, dated 23rd January 2017. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements.