INVESTORKIT
Resource & Economics
Shakespeare Resource & Open-pit Reserves
In Situ Grade | ||||||||
| Category | Tonnes (Millions) | Pt (g/t) | Pd (g/t) | Au (g/t) | Pt Eq. (g/t)* | Ni (%) | Cu (%) | Co (%) |
|---|---|---|---|---|---|---|---|---|
| Probable Reserves | 11.8 | 0.33 | 0.36 | 0.18 | 0.62 | 0.33 | 0.35 | 0.02 |
| Total Indicated Resource | 16.0 | 0.35 | 0.38 | 0.20 | 0.66 | 0.34 | 0.37 | 0.02 |
| Total Inferred Resource | 1.9 | 0.34 | 0.36 | 0.21 | 0.65 | 0.33 | 0.36 | 0.022 |
Total Contained Metals | |||||||
| Category | Moz Pt | Moz Pd | Moz Au | Moz Pt Eq. * | Mlbs Ni | Mlbs Cu | Mlbs Co |
|---|---|---|---|---|---|---|---|
| Probable Reserves | 0.13 | 0.14 | 0.07 | 0.24 | 86 | 91 | 5.2 |
| Total Indicated Resource | 0.18 | 0.20 | 0.10 | 0.34 | 121 | 132 | 7.1 |
| Total Inferred Resource | 0.02 | 0.02 | 0.01 | 0.04 | 13 | 15 | 0.9 |
*Please refer to the disclosures regarding the Mineral Reserve and Resource Estimates below. Probable Reserves include dilution and recovery factors. Mineral resource estimates are exclusive of dilution and recovery factors. Indicated Mineral Resources include the Mineral Reserve Blocks. Totals may not sum exactly due to rounding. Pt Eq. calculated for all properties is based on the following prices: Pt $1,587.97/oz, Pd $581.28/oz and Au $1,377.87/oz.
Technical Information:
The “material” technical information on this website was derived from the technical report entitled, “Feasibility Study for the Shakespeare Nickel Deposit, Near Espanola, Ontario, January 2006” dated January, 2006 and prepared by B. Terrence Hennessey, P.Geo.and Ian R. Ward, P.Eng. Of Micon International Ltd, Eugene Puritch, P.Eng. And Bruce S. Brad, P.Eng., of P&E Mining Consultants Inc., Lionel Poulin, ing. Of Met-Chem Canada Inc., Steve Aiken, P.Eng. Of Knight Piésold Group and Donald Welch, P.Eng. Of Golder Associates Ltd. Various internal reports have been generated that created non-material adjustments to the underground resources and the open pit reserves.
The report is available under Ursa Major Minerals, a wholly-owned subsidiary Company of Wellgreen Platinum, on Sedar at www.sedar.com.
Qualified Person under NI 43-101
Mr. Terrence Hennessey, P.Geo, of Micon was the qualified person for the resource estimate. Mr. Eugene Puritch, P.Eng. of P&E Engineering was the qualified person for the reserve estimate. Mr. Ian Ward, P.Eng. of Micon was the qualified person for the feasibility study.
John Sagman, P.Eng., PMP, is the qualified person responsible for the technical information in this section of the website and has reviewed and approved the disclosure.
