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