An independent consultant, SRK Consulting China Limited (“SRK”) has prepared an independent qualified person’s report (“IQPR”) on the Ciemas Gold Project in West Java, Indonesia.
Wilton operates the Ciemas Gold Project in West Java, Indonesia with two mining licences covering a total area of approximately 30.8 square kilometres. The Ciemas Project consists of a number of gold deposit and occurrences. The gold mineralization in Ciemas is hosted in quartz veins, structural altered rocks with tectonic breccia, or in quartz porphyry.
SRK estimated that, at a gold cut-off grade of 1.0 g/t, the Pasir Manggu, Cikadu, Sekolah and Cibatu Prospects contain approximately 2.416 million tonnes (“Mt”) of Measured + Indicated Resources with an average grade of 8.44 g/t of gold., and 1.937 Mt of Inferred Resources with an average grade of 8.36 g/t of gold, reported in accordance with the Joint Ore Reserves Committee (“JORC”) code.
SRK also estimated that, at a gold cut-off grade of 1.69 g/t, the Pasir Manggu, Cikadu, Sekolah and Cibatu Prospects contain approximately 2.4405 Mt of Proved + Probable Reserves with an average grade of 7.1 g/t of gold, reported in accordance with the Joint Ore Reserves Committee (“JORC”) code.