An ‘Indicated Mineral Resource’ is that part of a Mineral Resource for which quantity,
grade or quality, densities, shape and physical characteristics, can be estimated with a level
of confidence sufficient to allow the appropriate application of technical and economic
parameters, to support mine planning and evaluation of the economic viability of the
deposit. The estimate is based on detailed and reliable exploration and testing information
gathered through appropriate techniques from locations such as outcrops, trenches, pits,
workings and drill holes that are spaced closely enough for geological and grade continuity
to be reasonably assumed.