Chaarat summary of JORC compliant resources as at 31 January 2018

Tulkubash Oxides
COG 0.3 g/t Au
Tonnes (kt)Au grade (g/t)Content (koz)
Measured5,6601.35246
Indicated36,3001.181,378
Measured and Indicated42,0001.21,624
Inferred2,3300.4633
Kyzyltash Underground Sulphides
COG 2.0 g/t Au
Tonnes (kt)Au grade (g/t)Content (koz)
Measured6,7223.26681
Indicated32,7943.793,864
Measured and Indicated39,5163.704,545
Inferred6,6114.05832
Total46,1273.755,377
TotalTonnes (kt)Au grade (g/t)Content (koz)
Total Measured and Indicated81,5162.416,169
Inferred8,9412.99865
Total90,457 2.477,034
*numbers may not sum correctly due to rounding

Tulkubash Ore Reserve Estimate – Effective Date 1st April 2019

CategoryQuantity (Mt)Au grade (g/t)Gold (t)Gold (koz)
Proven Ore Reserve6.750.956.42206
Probable Ore Reserve15.430.9114.04451
Combined Ore Reserve22.180.9220.46658

Kapan Resources are exclusive of Reserves – 1st January 2018

Mineral Resource Summary (as of January 1, 2018)TonnageGradeMetal
 ktAu (g/t)Ag (g/t)Cu (%)Zn (%)AuEq (g/t)Au (koz)Ag (koz)Cu (kt)Zn (kt)AuEq (koz)
Measured
Underground mining1806.2951.074.211.6365591.97.868
Stockpiles101.8340.411.53.80600.11
Total Measured Resources1906931.054.211.43656527.869
Indicated
Underground mining21803.8730.7937.7265509417.265.1542
Total Indicated Resources21803.8730.7937.7265509417.265.1542
Measured+Indicated
Underground mining23604740.813.18301565319.272.9610
Stockpiles101.8340.411.53.80600.11
Total Measured+Indicated Resources23704740.813.18301565319.272.9610
Inferred
Underground mining82202.9630.672.36.17641652254.7189.11614
Total Inferred Resources82202.9630.672.36.17641652254.7189.11614
Measured+Indicated+Inferred
Underground mining105803.1650.72.56.510652217573.92622223
Stockpiles101.8340.411.53.80600.11
Total Measured+Indicated Resources+Inferred Resources105903.1650.72.56.510652218173.9262.12224
* Discrepancies in the calculations are due to rounding

Kapan Reserves are additional to the Resource statement – 1st January 2018

Ore ReservesTonnageGradeMetal
 ktAu (g/t)Ag (g/t)Cu (%)Zn (%)AuEq (g/t)Au (koz)Ag (koz)Cu (kt)Zn (kt)AuEq (koz)
Proved2202.9420.522.465.8202891.15.340
Underground mining2103420.532.485.8202831.15.239
Stockpiles101.8340.411.533.80600.11
Probable3 8502.1400.421.624.22544 90516.362.4518
Underground mining3 8502.1400.421.624.22544 90516.362.4518
Total Proved + Probable4 0702.1400.441.674.32745 19417.467.7558
Underground mining4 0602.1400.441.674.32745 18917.467.6557
Stockpiles101.8340.411.533.80600.11

Kapan Resource and Reserve Summary Statement – 1st January 2018

CategoryTonnes (kt)Au (g/t)Ag (g/t)Cu (%)Zn (%)Au Equivalent (g/t)Contained Metal Au (thousand troy oz)
Total Proven & Probable Reserve4,0702.1400.441.674.3562
Total Measured & Indicated Resources2,3704740.813.18609
Total M&I Resources and Reserves6,4402.8520.582.25.71,178
Total Inferred Resources8,2202.9630.672.36.1 1,610