Meta Critical Minerals Inc. press release
Jaguar announces 2015 year end Mineral Reserves and Resources
CSE - Canadian National Stock Exchange · Canada
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Canada NewsWire
TORONTO, April 7, 2016
TSX-V: JAG
TORONTO, April 7, 2016/CNW/ - Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX-V: JAG)today announced updated Mineral Reserves and Mineral Resources estimates as of December 31, 2015prepared in accordance with National Instrument 43-101 ("NI 43-101"). Southern Braziloperating assets include the Turmalina Gold Complex, consisting of the Turmalina Gold Mine ("Turmalina") and a process mill, and the Caeté Gold Complex, consisting of the Pilar Gold Mine ("Pilar" or "Pilar Mine"), the Roça Grande Gold Mine("RG" or "RG Mine"), and a process mill. Both Complexes are located within 100 kilometres of Belo Horizonte, the capital city of the state of Minas Gerais (see Figure 1). Northern Brazildevelopment assets include the Gurupi Development Project ("Gurupi" or "Gurupi Project") located in the northern state of Maranhão, Brazil.
2015 Mineral Reserves and Mineral Resources Highlights (As at December 31, 2015)
Southern Brazil, Operating Mines
Pilar Mineral Reserves increased 310% to 172,000 ounces of gold after depletion, while also exceeding reserve replacement targets, as a result of the increased gold presence encountered on the BF and BFII Ore Bodies which comprise 91% of Pilar's underground Mineral Reserves.
Pilar Measured and Indicated ("M&I") Mineral Resources increased 56% to 514,000 ounces of gold grading 4.59 g/t Au. Recent drilling results from the BF and BFII zones confirm the open down-plunge potential to expand Mineral Resources and also confirm increasing grade and widths below the current mining fronts.
Turmalina Mineral Reserves average grade remained unchanged at 5.31 g/t Au, while ounces declined 15% to 185,000 ounces of gold due to depletion during the year.
RG M&I Mineral Resources declined to 111,000 ounces grading 2.81 g/t Au as a result of a large reclassification of resources, compared to 940,000 ounces grading 3.47 g/t Au in 2014. Exploration and development commenced during Q1 2016 aims to rebuild the existing Mineral Resource base and also convert the Mineral Resources to Reserves.
Consolidated Mineral Reserves, representing Southern Braziloperating mines, increased 34% to 357,000 ounces with a 9% increase in grade to 4.82 g/t Au as a result of a significant increase in Mineral Reserves at the Pilar Mine.
Consolidated M&I Mineral Resources for the Company's Southern Braziloperating mines remain strong at 1.1 million ounces grading 4.45 g/t Au.
Northern Brazil, Gurupi Development Project (Open-Pit)
Northern Brazil Mineral Reserves and Mineral Resources, comprised of the open-pit Gurupi Development Project, remain unchanged from 2014 with Proven and Probable ("2P") Mineral Reserves of 2.3 million ounces of gold (63,757,000 tonnes grading 1.14 g/t Au), included in Mineral Resources, and M&I Mineral Resources of 3.5 million ounces of gold (142,636,000 tonnes grading 0.77 g/t Au).
Rodney Lamond, President and CEO of Jaguar Mining stated, "We have made excellent progress with the geological modeling at our core operating assets in Southern Brazil. Relative to our current production profile we have a solid base of Mineral Reserves comprised of 320,000 ounces from which we continue to build from. Our new models have provided the Company with a dart board of where to focus our exploration programs in order to build on the current life of mine plans. In particular, at Pilar, recent drilling results from the BF and BFII zones confirm the open down-plunge potential to expand Mineral Resources and also confirm increasing grade and widths below the current mining fronts. We are also focused on limiting our capital expenditures to only exploration and development of high priority targets at our operating assets. These high priority targets are those that will support finding, replacing and adding to our Mineral Reserves inventory, thereby extending mine life at all of our operating mines."
Southern Brazil Operating Mines Mineral Reserves and Mineral Resources Review
Pilar Mine Mineral Reserves and Mineral Resources Summary
| | December 31, 2015 | December 31, 2014(1) | 2015 vs. 2014 % Change | | | | | | | | | Tonnes | Grade | Gold oz | Tonnes | Grade | Gold oz | Tonnes | Grade | Gold oz | | | (000's) | (g/t) | (000's) | (000's) | (g/t) | (000's) | | | | | 2P Mineral Reserves | | | | | | | | | | | Ore Body BA | 69 | 3.20 | 7 | | | | | | | | Ore Body BF | 407 | 4.20 | 55 | | | | | | | | Ore Body BFII | 707 | 4.66 | 106 | | | | | | | | Ore Body LFW | 30 | 3.44 | 3 | | | | | | | | Ore Body LPA | 7 | 4.00 | 1 | | | | | | | | Total 2P Reserves | 1,220 | 4.39 | 172 | 488 | 2.70 | 42 | 150% | 63% | 310% | | M&I Mineral Resources | | | | | | | | | | | Ore Body BA | 467 | 4.66 | 70 | | | | | | | | Ore Body BF | 1,035 | 4.69 | 156 | | | | | | | | Ore Body BFII | 878 | 5.11 | 145 | | | | | | | | Ore Body C | 451 | 4.62 | 67 | | | | | | | | Ore Body LFW | 243 | 4.10 | 32 | | | | | | | | Ore Body LHW | 12 | 3.61 | 1 | | | | | | | | Ore Body LPA | 56 | 3.99 | 7 | | | | | | | | Ore Body SW | 338 | 3.28 | 36 | | | | | | | | Total M&I Resources | 3,479 | 4.59 | 514 | 1,817 | 5.64 | 329 | 91% | -19% | 56% | | Inferred Mineral Resources | 1,208 | 5.45 | 212 | 1,011 | 5.65 | 184 | 19% | -4% | 15% |
| 1) | Pilar Mineral Resources as at December 31, 2014 reported were calculated using the historical technical reports, depleting ounces mined until 2014. The new model developed in 2015 has reserves and resources by Ore Bodies as listed above. 2014 analysis by similar Ore Bodies was not carried out due to the new modelling techniques; hence the information for 2014 is presented on a consolidated basis only. |
Pilar Mineral Reserves increased 310% to 172,000 ounces of gold after 2015 depletion, while also exceeding reserve replacement targets as a result of the increased gold presence encountered on the BF and BFII Ore Bodies which comprise 91% of Pilar's underground Mineral Reserves. Pilar Mineral Reserves average grade increased 63% to 4.39 g/t Au. In 2014, Mineral Reserves included 42,000 ounces (488,000 tonnes at an average grade of 2.70 g/t Au). (See Press Release dated March 4, 2015)
The large increase in Mineral Reserves at Pilar supports a significant increase in mine life with sufficient Mineral Reserves for four years based on the current production profile at Pilar.
Recent drill programs at Pilar have encountered wider mineralized structures at depth, particularly on the BF and BFII formations, resulting in a significant increase in the number of ounces per vertical metre.
A drill program consisting of 10,725 metres is planned for 2016 to explore and infill drill the down-plunge extensions of the BA, BF, and BFII zones to build and strengthen our mine model for future development.
M&I Mineral Resources increased 56% to 514,000 ounces of gold grading 4.59 g/t Au. Pilar's current mining front, the BA, BF, and BFII Ore Bodies, host M&I Mineral Resources containing 371,000 ounces of gold grading 4.85 g/t Au. Recent drilling results from the BF and BFII zones confirm the down-plunge potential to expand defined Mineral Resources. The BF and BFII zone drilling results also confirm increasing grade at depth, while also remaining open at depth below current active mining fronts.
For the December 31, 2015Pilar estimates, a new geological and block model was built under the supervision of Roscoe Postle Associates Inc. ("RPA"). Previous annual Mineral Resource estimates were internally reviewed. The previous technical report was filed in 2010. The 2015 Mineral Resources estimates for Pilar will be filed on SEDAR 45 days from the press release distributed on March 4, 2015.
Estimates were prepared based on a cut-off date of August 31, 2015, including 984 drill holes and 16,445 channel samples. Estimates were generated from a block model constrained by three dimensional (3D) wireframe models. A capping value varying from 10 to 60 g/t Au was applied for all eight "Ore Bodies". The wireframe models of the mineralization and excavated material for Pilar were constructed by Jaguar and reviewed by RPA. A separate wireframe was built for each "Ore Body" and was used to constrain the grade estimates into the block model.
Turmalina Gold Complex Mineral Reserves and Mineral Resources Summary
| | December 31, 2015 | December 31, 2014 | 2015 vs. 2014 % Change | | | | | | | | | Tonnes | Grade | Gold oz | Tonnes | Grade | Gold oz | Tonnes | Grade | Gold oz | | | (000's) | (g/t) | (000's) | (000's) | (g/t) | (000's) | | | | | 2P Mineral Reserves | | | | | | | | | | | Ore Body A | 827 | 5.82 | 155 | 899 | 6.23 | 180 | -8% | -7% | -14% | | Ore Body C | 253 | 3.66 | 30 | 367 | 3.14 | 37 | -31% | 17% | -19% | | Total 2P Reserves | 1,080 | 5.31 | 185 | 1,266 | 5.33 | 217 | -15% | 0% | -15% | | M&I Mineral Resources | | | | | | | | | | | Ore Body A | 855 | 7.01 | 193 | 904 | 7.70 | 224 | -5% | -9% | -14% | | Ore Body B | 511 | 3.56 | 58 | 581 | 3.11 | 58 | -12% | 14% | 0% | | Ore Body C | 702 | 3.14 | 71 | 697 | 2.86 | 64 | 1% | 10% | 11% | | Faina | 261 | 6.87 | 58 | 261 | 6.87 | 58 | 0% | 0% | 0% | | Pontal | 410 | 4.72 | 62 | 410 | 4.72 | 62 | 0% | 0% | 0% | | Total M&I Resources | 2,739 | 5.01 | 442 | 2,853 | 5.08 | 466 | -4% | -1% | -5% | | Inferred Mineral Resources | 3,057 | 6.30 | 619 | 3,268 | 6.40 | 673 | -6% | -2% | -8% |
Turmalina Mine Mineral Reserves declined 15% to 185,000 ounces of gold, due to depletion, while average grade remained consistent at 5.31 g/t Au. Ore Body C Mineral Reserves grade achieved a 17% increase to 3.66 g/t Au compared to the prior year, following a decision to selectively mine higher-grade ore, having the net effect of lower tonnes.
M&I Mineral Resources of 442,000 ounces of gold (2,739,000 tonnes grading 5.01 g/t Au) decreased 5% compared to 466,000 ounces of gold (2,853,000 tonnes grading 5.08 g/t Au) in 2014 mainly due to depletion.
2016 drilling programs of the Ore Body A and Ore Body C down-dip continuities will focus on replacing ounces mined during the year.
The 2015 Mineral Resources estimates for Turmalina will be filed on SEDAR 45 days from the date of this press release.
Roça Grande Mineral Resources Summary
| | December 31, 2015 | December 31, 2014(1) | 2015 vs. 2014 % Change | | | | | | | | | Tonnes | Grade | Gold oz | Tonnes | Grade | Gold oz | Tonnes | Grade | Gold oz | | | (000's) | (g/t) | (000's) | (000's) | (g/t) | (000's) | | | | | M&I Mineral Resources | 1,231 | 2.81 | 111 | 8,421 | 3.47 | 940 | -85% | -19% | -88% | | Inferred | 1,759 | 3.48 | 197 | 2,335 | 3.90 | 293 | -25% | -11% | -33% | | Mineral Resources | | | | | | | | | |
| 1) RG Mineral Resources as at December 31, 2014 reported were calculated using the historical technical reports, depleting ounces mined until 2014. | |
Exploration and development commenced during Q1 2016 at RG to rebuild the Mineral Resources as 2015 M&I Minerals Resources declined to 111,000 ounces grading 2.81 g/t Au compared to 940,000 ounces grading 3.47 g/t Au in 2014.
Compared to the prior year, 2015 M&I Mineral Resources of 111,000 ounces declined 88% due to 829,000 ounces from RG that were not included in the 2015 Mineral Resources due to the revision of estimation parameters and geological modeling assessment.
Southern Brazil, Operating Mines Proven & Probable Mineral Reserves at December 31, 2015
| | Proven Reserves | Probable Reserves | Proven and Probable Reserves | | | | | | | | Tonnes | Grade | Gold oz | Tonnes | Grade | Gold oz | Tonnes | Grade | Gold oz | | | (000's) | (g/t) | (000's) | (000's) | (g/t) | (000's) | (000's) | (g/t) | (000's) | | | Turmalina | 460 | 5.19 | 77 | 620 | 5.40 | 108 | 1,080 | 5.31 | 185 | | Pilar | 164 | 3.15 | 17 | 1,056 | 4.58 | 156 | 1,220 | 4.39 | 172 | | Total Mineral Reserves | 624 | 4.65 | 94 | 1,676 | 4.89 | 264 | 2,300 | 4.82 | 357 |
Consolidated Proven and Probable Mineral Reserves increased 34% to 357,000 ounces based on a 23% increase in tonnes to 2,300,000 tonnes and a 9% increase in average grade to 4.82 g/t Au, mainly due to a significant increase in Mineral Reserves at the Pilar Mine.
Total Mineral Reserves at Pilar increased by 310% to 172,000 ounces in 2015 at a cost of $6/ounce.
Southern Brazil, Operating Mines Measured & Indicated Mineral Resources at December 31, 2015
| | Measured Resources | Indicated Resources | Total M&I Mineral Resources | | | | | | | | Tonnes | Grade | Gold oz | Tonnes | Grade | Gold oz | Tonnes | Grade | Gold oz | | | (000's) | (g/t) | (000's) | (000's) | (g/t) | (000's) | (000's) | (g/t) | (000's) | | | Turmalina | 1,235 | 5.21 | 207 | 1,505 | 4.88 | 236 | 2,739 | 5.01 | 442 | | Pilar | 709 | 4.25 | 97 | 2,770 | 4.68 | 417 | 3,479 | 4.59 | 514 | | Roça Grande | 217 | 2.17 | 15 | 1,014 | 2.95 | 96 | 1,231 | 2.81 | 111 | | Total M&I Mineral Resources | 2,161 | 4.59 | 319 | 5,289 | 4.40 | 749 | 7,449 | 4.45 | 1,067 |
Consolidated M&I Mineral Resources for the operating mines remain strong at 1.1 million ounces (7,449,000 tonnes grading 4.45 g/t Au). An improving average grade profile, due to a higher tonnage contribution from Pilar and lower tonnes from Roça Grande, drove a 3% increase in M&I Mineral Resource grade to 4.45 g/t Au from 4.30 g/t Au in 2014.
Compared to the prior year, 2015 M&I Mineral Resources of 1.1 million ounces declined 49% due to 829,000 ounces from RG that were not included in the 2015 Mineral Resources due to the revision of estimation parameters and geological modeling assessment. Total tonnes decreased 51% to 7,449,000 compared to the prior year, also due to lower tonnes at RG.
Northern Brazil Mineral Reserves and Mineral Resources Review
Northern Brazil, Mineral Reserves at December 31, 2015
| | Proven Reserves | Probable Reserves | Proven andProbable Reserves | | | | | | | | | Tonnes | Grade | Gold oz | Tonnes | Grade | Gold oz | Tonnes | Grade | Gold oz | | | (000's) | (g/t) | (000's) | (000's) | (g/t) | (000's) | (000's) | (g/t) | (000's) | | Gurupi Project (Open-Pit) | | | | | | | | | | | Cipoeiro | - | - | - | 45,044 | 1.20 | 1,735 | 45,044 | 1.20 | 1,735 | | Chega Tudo | - | - | - | 18,713 | 0.99 | 593 | 18,713 | 0.99 | 593 | | Total Mineral Reserves - Northern Brazil | - | - | - | 63,757 | 1.14 | 2,328 | 63,757 | 1.14 | 2,328 |
Northern Brazil, Mineral Resources at December 31, 2015
| | Measured Resources | Indicated Resources | M&I Mineral Resources | Inferred Resources | | | | | | | | | | Tonnes | Grade | Gold oz | Tonnes | Grade | Gold oz | Tonnes | Grade | Gold oz | Tonnes | Grade | Gold oz | | | (000's) | (g/t) | (000's) | (000's) | (g/t) | (000's) | (000's) | (g/t) | (000's) | (000's) | (g/t) | (000's) | | | Gurupi Project (Open-Pit) | | | | | | | | | | | | | | Cipoeiro | 25,734 | 0.78 | 640 | 58,494 | 0.87 | 1,633 | 84,229 | 0.84 | 2,273 | 7,041 | 0.67 | 152 | | Chega Tudo | 20,923 | 0.66 | 440 | 37,484 | 0.67 | 805 | 58,408 | 0.66 | 1,246 | 678 | 0.62 | 13 | | Total Mineral | 46,657 | 0.72 | 1,080 | 95,979 | 0.79 | 2,438 | 142,636 | 0.77 | 3,519 | 7,719 | 0.66 | 165 | | Resources - | | | | | | | | | | | | | | Northern Brazil | | | | | | | | | | | | |
Northern Brazil Mineral Reserves and Mineral Resources, comprised of the Gurupi Development Project remain unchanged from 2014 with Proven and Probable Mineral Reserves of 2.3 million ounces of gold (63,757,000 tonnes grading 1.14 g/t Au) included in M&I Mineral Resources of 3.5 million ounces of gold (142,636,000 tonnes grading 0.77 g/t Au).
The open-pit Gurupi Project is comprised of two deposits: Cipoeiro and Chega Tudo, which are approximately eight kilometres from each other. Both deposits are located 500 kilometres southwest of the city of São Luis, the capital city of the state of Maranhão, and 350 kilometres southeast of the city of Belém, the capital city of the state of Pará, in northeastern Brazil.
Gurupi Project estimates as at December 31, 2015are based on the Technomine Feasibility Study Technical Report filed on SEDAR on January 31, 2011and have not been re-estimated for this press release.
Table 1 - Summary of Mineral Reserves as at December 31, 2015
| | Proven Reserves | Probable Reserves | Proven and Probable Reserves | | | | | | | | Tonnes | Grade | Gold oz | Tonnes | Grade | Gold oz | Tonnes | Grade | Gold oz | | | (000's) | (g/t) | (000's) | (000's) | (g/t) | (000's) | (000's) | (g/t) | (000's) | | | Southern Brazil | | | | | | | | | | | Turmalina Gold Complex2 | | | | | | | | | | | Ore Body A | 387 | 5.70 | 71 | 440 | 5.92 | 84 | 827 | 5.82 | 155 | | Ore Body C | 73 | 2.51 | 6 | 180 | 4.13 | 24 | 253 | 3.66 | 30 | | Total - Turmalina | 460 | 5.19 | 77 | 620 | 5.40 | 108 | 1,080 | 5.31 | 185 | | Caeté Gold Complex | | | | | | | | | | | Pilar3 | | | | | | | | | | | Ore Body BA | 69 | 3.20 | 7 | - | - | - | 69 | 3.20 | 7 | | Ore Body BF | 64 | 2.95 | 6 | 343 | 4.44 | 49 | 407 | 4.20 | 55 | | Ore Body BFII | - | - | - | 707 | 4.66 | 106 | 707 | 4.66 | 106 | | Ore Body LFW | 30 | 3.44 | 3 | - | - | - | 30 | 3.44 | 3 | | Ore Body LPA | 1 | 3.19 | 0 | 6 | 4.15 | 1 | 7 | 4.00 | 1 | | Total - Pilar | 164 | 3.15 | 17 | 1,056 | 4.58 | 156 | 1,220 | 4.39 | 172 | | Roça Grande | - | - | - | - | - | - | - | - | - | | Total - Caeté | 164 | 3.15 | 17 | 1,056 | 4.58 | 156 | 1,220 | 4.39 | 172 | | Total - Southern Brazil | 624 | 4.65 | 94 | 1,676 | 4.89 | 264 | 2,300 | 4.82 | 357 | | | | | | | | | | | | | Northern Brazil | | | | | | | | | | | Gurupi Project4 | | | | | | | | | | | Cipoeiro | - | - | - | 45,044 | 1.20 | 1,735 | 45,044 | 1.20 | 1,735 | | Chega Tudo | - | - | - | 18,713 | 0.99 | 593 | 18,713 | 0.99 | 593 | | Total - Northern Brazil | - | - | - | 63,757 | 1.14 | 2,328 | 63,757 | 1.14 | 2,328 | | Total - 2P Mineral | 624 | 4.65 | 94 | 65,433 | 1.23 | 2,592 | 66,057 | 1.26 | 2,685 | | Reserves | | | | | | | | | |
| Notes to Table 1: | | | | | 1. | CIM definitions are followed for Mineral Reserves; | | | | 2. | Turmalina | | | | | | (a) | Mineral Reserves are estimated using a break-even cut-off grade of 2.57 g/t Au. Some stopes were included using an incremental cut-off grade of 1.38 g/t Au; | | | | (b) | Bulk densities used were 2.76 t/m3for Ore Body A and B, and 2.95 t/m3for Ore Body C; | | | | (c) | Mineral Reserves are estimated using an average long-term foreign exchange rate of 3.8 Brazilian Reais: 1 US Dollar; | | | | (d) | Mineral Reserves are estimated using a gold price of US$1,150 per ounce for the year of 2016 and US$1,250 per ounce for the year of 2017 and beyond; | | | | (e) | A minimum mining width of approximately 2 m was used. | | 3. | Caeté - Pilar | | | | | | (a) | Mineral Reserves were estimated using a break-even cut-off grade of 2.5 g/t Au; | | | | (b) | Bulk densities used were 2.89 t/m3for iron-formation poor domains or 3.05 t/m3for iron-formation rich domains; | | | | (c) | Mineral Reserves are estimated using an average gold price of US$1,150 per ounce; | | | | (d) | Mineral Reserves are estimated using an average long-term foreign exchange rate of 3.8 Brazilian Reais: 1 US Dollar; | | | | (e) | A minimum mining width of approximately 2 m was used. | | 4. | Gurupi Reserves are based on the Technomine Feasibility Study Technical Report filed on SEDAR on January 31, 2011; | | | | 5. | Numbers may not add due to rounding. | | |
Table 2 - Summary of Mineral Resources as at December 31, 2015
| | Measured Resources | Indicated Resources | Total Measured & | Inferred Resources | | | | | | | | | | Indicated Resources | | | | | | | | | | | | | | Tonnes | Grade | Gold oz | Tonnes | Grade | Gold oz | Tonnes | Grade | Gold oz | Tonnes | Grade | Gold oz | | | (000's) | (g/t) | (000's) | (000's) | (g/t) | (000's) | (000's) | (g/t) | (000's) | (000's) | (g/t) | (000's) | | | Southern Brazil | | | | | | | | | | | | | | Turmalina Gold Complex2 | | | | | | | | | | | | | | Ore Body A | 478 | 6.75 | 104 | 378 | 7.33 | 89 | 855 | 7.01 | 193 | 564 | 6.50 | 118 | | Ore Body B | 352 | 3.38 | 38 | 158 | 3.95 | 20 | 511 | 3.56 | 58 | 46 | 5.45 | 8 | | Ore Body C | 82 | 2.88 | 8 | 621 | 3.17 | 63 | 702 | 3.14 | 71 | 775 | 4.51 | 112 | | Faina | 72 | 7.39 | 17 | 189 | 6.66 | 42 | 261 | 6.87 | 58 | 1,542 | 7.26 | 360 | | Pontal | 251 | 5.00 | 40 | 159 | 4.28 | 22 | 410 | 4.72 | 62 | 130 | 5.03 | 21 | | Total - Turmalina | 1,235 | 5.21 | 207 | 1,505 | 4.88 | 236 | 2,739 | 5.01 | 442 | 3,057 | 6.30 | 619 | | Caeté Gold Complex | | | | | | | | | | | | | | Pilar3 | | | | | | | | | | | | | | Ore Body BA | 293 | 4.09 | 39 | 174 | 5.58 | 31 | 467 | 4.66 | 70 | 65 | 5.13 | 11 | | Ore Body BF | 259 | 4.57 | 38 | 776 | 4.74 | 118 | 1,035 | 4.69 | 156 | 293 | 6.77 | 64 | | Ore Body BFII | 4 | 4.46 | 1 | 874 | 5.11 | 144 | 878 | 5.11 | 145 | 198 | 7.89 | 50 | | Ore Body C | 80 | 4.24 | 11 | 371 | 4.73 | 56 | 451 | 4.62 | 67 | 140 | 5.10 | 23 | | Ore Body LFW | 68 | 3.82 | 8 | 175 | 4.22 | 24 | 243 | 4.10 | 32 | 117 | 4.87 | 18 | | Ore Body LHW | - | - | - | 12 | 3.61 | 1 | 12 | 3.61 | 1 | 5 | 3.11 | 1 | | Ore Body LPA | 6 | 2.72 | 1 | 50 | 3.99 | 6 | 56 | 3.99 | 7 | - | - | - | | Ore Body SW | - | - | - | 338 | 3.28 | 36 | 338 | 3.28 | 36 | 389 | 3.60 | 45 | | Total - Pilar | 709 | 4.25 | 97 | 2,770 | 4.68 | 417 | 3,479 | 4.59 | 514 | 1,208 | 5.45 | 212 | | Roça Grande4 | 217 | 2.17 | 15 | 1,014 | 2.95 | 96 | 1,231 | 2.81 | 111 | 1,759 | 3.48 | 197 | | Total - Caeté | 926 | 3.76 | 112 | 3,784 | 4.22 | 513 | 4,710 | 4.13 | 625 | 2,967 | 4.29 | 409 | | Total - Southern Brazil | 2,161 | 4.59 | 319 | 5,289 | 4.40 | 749 | 7,449 | 4.45 | 1,067 | 6,024 | 5.31 | 1,028 | | | | | | | | | | | | | | | | Northern Brazil | | | | | | | | | | | | | | Gurupi Project5 | | | | | | | | | | | | | | Cipoeiro | 25,734 | 0.78 | 640 | 58,494 | 0.87 | 1,633 | 84,229 | 0.84 | 2,273 | 7,041 | 0.67 | 152 | | Chega Tudo | 20,923 | 0.66 | 440 | 37,484 | 0.67 | 805 | 58,408 | 0.66 | 1,246 | 678 | 0.62 | 13 | | Total - Northern Brazil | 46,657 | 0.72 | 1,080 | 95,979 | 0.79 | 2,438 | 142,636 | 0.77 | 3,519 | 7,719 | 0.66 | 165 | | Total - Mineral Resources | 48,818 | 0.89 | 1,399 | 101,268 | 0.98 | 3,187 | 150,085 | 0.95 | 4,586 | 13,743 | 2.70 | 1,193 |