extraction design and  Detailed major equipment list. rock/mineralogical character.  Price quotes for all major equipment items. Major components of operating costs  by functions and elements itemized and supported. Capital and operating budgets defined  by year. See Table 2 of the SME Guide.  3. Recovery State typical dilution and mining Reported tonnages, grades and mineral a. Mining   Generally not determined.  recovery for the selected or proposed contents must take into account mining method. mining dilution and mining recovery. Description and justification of mining  dilution and mining recovery is required. Provide insight gained from Discussion of whether the reported b. Processing    Generally not determined. preliminary testing and insight into tonnages and grades consist of differences between laboratory and material in place or whether commercial scales. processing recoveries are included. If in-place metal or quantity are  reported, information must be supplied concerning expected processing losses or recoveries. Justification of processing recoveries  is required. Justification of the cut-off grade used Description of methods used to 4. Cut-off    Typically reported in terms of to report resources including but not calculate cut-off grades, including but minimum true thickness and limited to assumptions made for costs, not limited to costs, prices, recoveries, grade criteria. prices, recoveries, by-product credits and by-product credits if based on if based on revenue, net smelter revenue, net smelter return. return. F. Supporting Infrastructure and General and Administrative
extraction design and rock/mineralogical character.  Detailed major equipment list.  Price quotes for all major equipment items.  Major components of operating costs by functions and elements itemized and supported.  Capital and operating budgets defined by year.  See Table 2 of the SME Guide. 3. Recovery a. Mining  Generally not determined.  State typical dilution and mining recovery for the selected or proposed mining method.  Reported tonnages, grades and mineral contents must take into account mining dilution and mining recovery.  Description and justification of mining dilution and mining recovery is required. b. Processing  Generally not determined.  Provide insight gained from preliminary testing and insight into differences between laboratory and commercial scales.  Discussion of whether the reported tonnages and grades consist of material in place or whether processing recoveries are included.  If in-place metal or quantity are reported, information must be supplied concerning expected processing losses or recoveries.  Justification of processing recoveries is required. 4. Cut-off  Typically reported in terms of minimum true thickness and grade criteria.  Justification of the cut-off grade used to report resources including but not limited to assumptions made for costs, prices, recoveries, by-product credits if based on revenue, net smelter return.  Description of methods used to calculate cut-off grades, including but not limited to costs, prices, recoveries, and by-product credits if based on revenue, net smelter return. F. Supporting Infrastructure and General and Administrative
SME_Guide_20Aug2017.docx