Exploration Review

Exploration and Mineral Resource Estimation

Sn&W commissioned SRK to review Bayanmod project, 200km east of Ulaanbaatar in the Khentii Province of Mongolia. The primary objective of the study was to review data supplied by Sn&W and to provide a report on exploration results in line with Joint Ore Resource Committee (JORC) Code Resource Report.

SRK conducted three site visits and reviewed the relevant project technical documentation and exploration work. SRK’s geology and resource review included a review of project geology, database and previous exploration work; provision of an independent technical opinion on the project; and recommendations for an exploration program to identify targets.