 |
 | |
Summary of Total Mineral Resources For All of Banro's Properties
|
Property/Project
|
Measured
|
Indicated
|
Inferred
|
|
Tons
|
Au g/t
|
Oz gold
|
Tons
|
Au g/t
|
Oz gold
|
Tons
|
Au g/t
|
Oz gold
|
|
Twangiza Oxide
|
11,100,000
|
2.49
|
890,000
|
6,800,000
|
1.9
|
400,000
|
1,000,000
|
4.2
|
100,000
|
|
Twangiza Non-Oxide
|
6,100,000
|
2.22
|
430,000
|
83,500,000
|
1.4
|
3,900,000
|
6,400,000
|
1.3
|
300,000
|
|
Kamituga
|
|
|
7,260,000
|
3.9
|
915,000
|
|
Lugushwa
|
|
|
37,000,000
|
2.3
|
2,735,000
|
|
Namoya
|
19,914,943
|
2.05
|
1,310,000
|
4,858,313
|
1.75
|
273,736
|
9,473,836
|
1.44
|
437,165
|
|
TOTAL
|
1,630,000
|
4,573,736
|
4,487,126
|
-
At 1g/t Au
cutoff for Kamituga and Lugushwa; 0.5 g/t Au grade for Twangiza; 0.4 g/t Au
for Namoya
Twangiza Oxide Project Mineral Reserve Estimate (Effective Date: March 4, 2011)
CATEGORY |
DEPOSIT |
TONS
(Mt) |
GRADE
(g/t Au ) |
GOLD
(Moz) |
PROVEN |
OXIDE MAIN AND NORTH |
10.25 |
2.42 |
0.797 |
PROBABLE |
OXIDE MAIN AND NORTH |
5.28 |
1.96 |
0.333 |
PROVEN AND PROBABLE |
OXIDE MAIN AND NORTH |
15.53 |
2.26 |
1.130 |
Cautionary Note to U.S. Investors
The United States Securities and Exchange Commission (the "SEC") permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Certain terms are used by the Company, such as "measured", "indicated", and "inferred" "resources", that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in the Company's Form 40-F Registration Statement, File No. 001-32399, which may be secured from the Company, or from the SEC's website at http://www.sec.gov/edgar.shtml.
| | |
