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Banro Corporation

Summary of Total Mineral Resources

Property

Measured

Indicated

Inferred

Tons

Au g/t

Oz gold

Tons

Au g/t

Oz gold

Tons

Au g/t

Oz gold

Twangiza

17,200,000

 2.40

1,320,000

90,300,000

1.50

4,280,000

8,200,000

1.70

400,000

Kamituga

 

 

7,260,000

3.9

915,000

Lugushwa

 

 

37,000,000

2.3

2,735,000

Namoya

4,680,000

2.5

376,100

12,769,000

1.8

748,300

8,462,000

1.5

407,700

TOTAL

1,696,100

5,028,300

4,457,700

  • At 1g/t Au cutoff for Kamituga and Lugushwa; 0.5 g/t Au grade for Twangiza; 0.4 g/t Au for Namoya

Summary of Twangiza Mineral Reserve Estimates (effective date: June 6, 2009)  

Reserve Category

Deposit

Tonnes
(Million)

Grade
(g/t Au)

Ounces
(Million)

Proven

Twangiza Main and North

15.98

2.35

1.21

Probable

Twangiza Main and North

66.48

1.56

3.33

Total Proven and
Probable Reserves

Twangiza Project

82.46

1.71

4.54

 


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