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Shanta Gold is a low cost gold producer with significant resource upside, within and surrounding its New Luika Gold Mine, with additional development opportunities in Tanzania

Reserves & resources statement

New Luika as at October 2014

NLGM Targets Cut-Off (g/t) Indicated Resource Inferred Resource Total Resource
Tonnes (Mt) Grade (g/t) Ounces (Koz) Tonnes (Mt) Grade (g/t) Ounces (Koz) Tonnes (Mt) Grade (g/t) Ounces (Koz)
Updated Resources Bauhinia Creek 1.0 2.6 5.9 490 1.2 2.9 117 3.8 4.9 607
2.0 2.3 6.4 476 0.7 4.1 91 3.0 5.8 567
3.0 1.8 7.4 436 0.5 4.5 79 2.4 6.8 514
Luika 1.0 2.7 3.2  284 1.1 2.0  70 3.8 2.9 354
2.0 2.2 3.6  256 0.4 3.2  37 2.6 3.6 293
3.0 1.3 4.5  181 0.2 4.1  22 1.4 4.5 203
Ilunga 1.0 0.3 4.0 40 0.3 3.0 34 0.7 3.5 74
2.0 0.3 4.6 38 0.2 3.8 28 0.5 4.2 66
3.0 0.2 5.1 34 0.2 4.3 23 0.4 4.8 57
Previously Declared Black Tree Hill 1.0 0.8 1.9 52 0.5 1.6 27 1.4 1.8 78
2.0 0.3 2.6 27 0.1 2.3 9 0.4 2.5 36
3.0 0.1 3.6 7 0.0 3.2 0 0.1 3.6 7
Jamhuri 1.0 0.9 2.0 55 0.8 1.6 41 1.6 1.8 96
2.0 0.3 3.0 30 0.1 2.7 10 0.4 2.9 40
3.0 0.1 3.9 15 0.0 3.5 4 0.2 3.8 19
Shamba 1.0 0.3 2.3 19 0.1 1.6 5 0.4 2.1 25
2.0 0.1 3.6 12 0.0 2.6 2 0.1 3.4 14
3.0 0.1 4.2 9 0.0 3.9 1 0.1 4.2 9
Black Tree Nth 1.0 0.1 1.8 7 0.0 1.4 2 0.2 1.7 8
2.0 0.1 2.7 5 0.0 2.5 0 0.1 2.6 5
3.0 0.0 3.5 3 0.0 3.4 0 0.0 3.5 3
Elizabeth Hill 1.0 0.5 1.8 29 1.3 1.5 58 1.8 1.6 88
2.0 0.2 2.8 14 0.1 2.5 7 0.2 2.7 21
3.0 0.0 3.4 4 0.0 3.3 1 0.1 3.3 6
Luika South 1.0 0.1 3.7 14 0.2 3.1 18 0.3 3.4 32
2.0 0.1 4.6 12 0.1 3.7 16 0.2 4.1 28
3.0 0.1 5.9 10 0.1 4.3 13 0.1 4.9 22

Total

1.0 8.4 3.7 990 5.5 2.1 372 13.9 3.0 1 362
2.0 5.8 4.7 870 1.8 3.5 200 7.6 4.4 1 069
3.0 3.6 6.0 698 1.0 4.4 143 4.7 5.6 841

New Luika as at January 2014

   
Reserves * Tonnes Grade Ounces
Bauhinia Creek 1.42MT 8.0g/t 368koz
Luika 1.04MT 3.3g/t 111koz
Total probable ore reserves 2.46MT 6.1g/t 479koz

* Economic cut-off grade of 1.14g/t

  Indicated Inferred Total
Cut-off Grade Tonnes (Mt) Grade (g/t) Ounces (Koz) Tonnes (Mt) Grade (g/t) Ounces (Koz) Tonnes (Mt) Grade (g/t) Ounces (Koz)
0.0 12.9 2.5 1 037 14.0 1.2 521 26.9 1.8 1 558
0.5 9.8 3.2 1 010 9.9 1.5 482 19.6 2.4 1 491
1.0 7.9 3.8 966 5.1 2.3 375 13.0 3.2 1 341
2.0 5.4 4.9 849 2.1 3.6 237 7.5 4.5 1 086
3.0 3.5 6.2  694 1.3 4.3 173 4.7 5.7  867

Note: Mineral Resources are inclusive of Reserves

Singida as at June 2009

  Measured Indicated Inferred Total
Cut-off
Grade
(g/t)
Tonnes Grade
(g/t)
Ounces Tonnes Grade
(g/t)
Ounces Tonnes Grade
(g/t)
Ounces Tonnes Grade
(g/t)
Ounces
0.0 7.02Mt 2.13g/t 481koz 4.50Mt 1.03g/t 149koz 10.50Mt 1.19g/t 402koz 22.02Mt 1.46g/t 1,032Koz
0.5 4.77Mt 3.04g/t 466koz 2.82Mt 1.54g/t 140koz 7.09Mt 1.65g/t 376koz 14.68Mt 2.08g/t 983Koz
1.0 3.32Mt 4.05g/t 432koz 1.87Mt 1.96g/t 118koz 4.21Mt 2.28g/t 309koz 9.40Mt 2.84g/t 858Koz
1.5 2.52Mt 4.94g/t 401koz 1.18Mt 2.38g/t 90koz 2.61Mt 2.91g/t 245koz 6.32Mt 3.63g/t 736Koz