OTCQX: KLGDF 6.98 +0.03 +0.49% Volume: 37,800 20 min delay March 24, 2017
TSX:KL 9.33 +0.14 +1.52% Volume: 577,899 March 24, 2017
GOLD PRICE USD 1,244.93 -1.12 -0.09% Volume: March 24, 2017

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Resources & Reserves

Australian Assets – at December 31, 2015

2015 Mineral Reserve and Mineral Resource Summary*

2015 Proven & Probable Mineral Reserves Summary Effective December 31, 2015

empty cell Gold Ounces (000’s) Gold Grade (g/t)
December 31, 2015 20153 20144 % Change 20153 20144 % Change
Fosterville Underground1 244 182 34% 6.95 5.55 25%
Fosterville Tailings 144 126 14% 7.83 8.89 -12%
Cosmo Underground 101 149 -32% 3.38 3.57 -5%
NT (excl Cosmo, Maud) 114 114 Flat 2.01 2.08 -3%
Maud Creek 0 184 -100% 0.00 5.44 -100%
Stawell Underground 28 27 4% 2.47 2.80 -12%
Stawell Big Hill & Surface 138 154 -10% 1.36 1.38 -1%
All Sites Proven & Probable 769 935 -18% 3.05 3.14 -3%
  1. Fosterville in situ Mineral Reserves are 239,000 ounces grading 7.03 g/t and with additional stockpiled Mineral Reserves of 5,000 ounces grading 4.36 g/t. The overall reserves are 244,000 ounces grading 6.95 g/t.
  2. As at December 31, 2015, all sites excluding Maud Creek Proven and Probable Mineral Reserves total 769,000 ounces, a 2.4% improvement from Proven and Probable Mineral Reserves of 751,000 ounces for all sites excluding Maud Creek as at December 31, 2014.
  3. For additional details please refer to the Fosterville Technical Report, the Northern Territory Technical Report, the Stawell Technical Report and the Maud Creek Technical Report filed on the SEDAR profile of the Company.
  4. For additional details please refer to the 2014 Fosterville Technical Report, the Cosmo Technical Report, the 2014 Stawell Technical Report, the Big Hill Technical Report and the technical report entitled “Report on the Mineral Resources and Mineral Reserves of the Maud Creek Gold Project in the Northern Territory, Australia” dated July 2013 and effective December 31, 2012 and prepared by Mark Edwards, MAusIMM (CP), MAIG, General Manager of Exploration for Newmarket Gold and Phil Bremner, FAusIMM, Principal Mining Engineer for Mining One Pty Ltd (the “2012 Maud Creek Technical Report”).

2015 Measured and Indicated Mineral Resource Summary Effective December 31, 2015

empty cell Gold  Ounces (000’s) Gold Grade (g/t)
December 31, 2015 20152 20143 % Change 20152 20143 % Change
Fosterville Underground1 2,122 2,024 5% 4.39 3.89 13%
Fosterville Tailings 144 126 14% 7.83 8.89 -12%
Cosmo Underground 480 539 -11% 3.22 3.35 -4%
NT (excl Cosmo, Maud Creek) 975 950 3% 1.57 1.56 1%
Maud Creek 724 871 -17% 3.46 3.50 -1%
Stawell Underground 80 74 8% 3.42 3.41 0%
Stawell Big Hill & Surface 166 169 -2% 1.52 1.50 1%
All Sites M&I 4,691 4,754 -1% 2.91 2.82 3%
  1. Fosterville’s underground Measured and Indicated Mineral Resources include Mineral Resources for KL Gold’s current mining front in the Phoenix and Lower Phoenix gold system of 673,000 ounces grading 8.33 g/t.
  2. For additional details please refer to the Fosterville Technical Report, the Northern Territory Technical Report, the Stawell Technical Report and the Maud Creek Technical Report filed on the SEDAR profile of the Company.
  3. For additional details please refer to the 2014 Fosterville Technical Report, the Cosmo Technical Report, the 2014 Stawell Technical Report, the Big Hill Technical Report, the 2012 Burnside Technical Report, the 2012 Pine Creek Technical Report, the 2012 Union Reefs Technical Report and the 2012 Maud Creek Technical Report.

2015 Inferred Resource Summary Effective December 31, 2015

empty cell Gold  Ounces (000’s) Gold Grade (g/t)
December 31, 2015 20151 20142 % Change 20151 20142 % Change
Fosterville Underground 665 699 -5% 4.08 3.72 10%
Cosmo Underground 60 84 -28% 2.76 2.72 1%
NT (excl Cosmo, Maud Creek) 759 820 -7% 1.86 1.87 0%
Maud Creek 149 344 -57% 2.32 2.55 -9%
Stawell Underground 116 75 55% 3.24 3.19 2%
Stawell Big Hill & Surface 2 2 0% 1.15 1.15 0%
All Sites Inferred 1,751 2,024 -13% 2.52 2.47 2%
  1. For additional details please refer to the Fosterville Technical Report, the Northern Territory Technical Report, the Stawell Technical Report and the Maud Creek Technical Report.
  2. For additional details please refer to the 2014 Fosterville Technical Report, the Cosmo Technical Report, the 2014 Stawell Technical Report, the Big Hill Technical Report and the 2012 Maud Creek Technical Report.

* The Mineral Resources reported are inclusive of the Mineral Reserves.
* Mineral Resources include Measured and Indicated Mineral Resources.
* Detailed Mineral Reserve and Mineral Resource tables can be found here.


Canadian Assets – at December 31, 2014

Mineral Reserves as at December 31, 2014

empty cell PROVEN PROBABLE PROVEN & PROBABLE
RESERVE AREA (Project/Mine) Tonnes
000's
Grade
g/t
Ounces
000's
Tonnes
000's
Grade
g/t
Ounces
000's
Tonnes
000's
Grade
g/t
Ounces
000's
04 & Main Break 494 14.7 236 529 16.5 278 1,023 15.8 514
South Mine Complex (SMC) 314 17.5 177 1,016 23.7 773 1,330 22.3 949
MACASSA MINE COMPLEX 808 15.8 412 1,545 21.3 1,051 2,354 19.2 1,463
Property Wide Targets - - - - - - - - -
Kirkland Lake Properties 808 15.8 412 1,545 21.3 1,051 2,354 19.2 1,463
Holt Mine 1,452 4.3 199 2,41 5.1 392 3,866 4.8 591
Holloway Mine - - - 233 5.4 40 233 5.4 40
Taylor Mine - - - 774 6.3 156 774 6.3 156
HOLT MINE COMPLEX 1,452 4.3 199 3,421 5.4 588 4,873 5.1 787
Hislop Mine - - - 280 5.2 46 280 5.2 46
PDFZ Properties 1,452 4.3 199 3,701 5.4 634 5,153 5.0 833
Reserves to Resources 2,260 8.4 611 5,246 10.0 1,685 7,507 9.6 2,296

Mineral Resources as at December 31, 2014

empty cell MEASURED INDICATED MEASURED & INDICATED INFERRED
RESOURCE AREA (Project) Tonnes
000's
Grade
g/t
Ounces
000's
Tonnes
000's
Grade
g/t
Ounces
000's
Tonnes
000's
Grade
g/t
Ounces
000's
Tonnes
000's
Grade
g/t
Ounces
000's
04 & Main Break 964 13.7 430 1,042 14.4 483 2,006 14.1 913 440 14.1 201
South Mine Complex (SMC) 30 12.7 12 1,249 23 917 1,279 22.6 929 1,232 22.3 876
MACASSA MINE COMPLEX 994 13.7 442 2,290 18.9 1,400 3,285 17.4 1,842 1,671 20.2 1,077
Property Wide Targets* 9 17.1 5 518 12.0 200 527 12.0 203 246 12.7 100
Kirkland Lake Properties 1,003 13.7 447 2,809 17.8 1,599 3,812 16.8 2,047 1,917 19.2 1,177
Holt 3,702 4.0 473 3,861 3.9 485 7,563 3.9 957 7,866 4.7 1,181
Holloway 310 4.7 47 482 4.5 70 792 4.6 117 2,479 4.9 389
Taylor - - - 2,323 4.8 356 2,323 4.8 356 1,951 4.1 257
HOLT MINE COMPLEX 4,012 4.1 520 6,666 4.3 911 10,678 4.1 1,430 12,296 4.6 1,827
Hislop - - - 983 4.0 127 983 4.0 127 690 4.2 92
Aquarius - - - 22,300 1.3 926 22,300 1.3 926 9 0.8 N/A
Ludgate - - - 522 4.1 68 522 4.1 68 1,396 3.6 162
Canamax - - - 240 5.1 39 240 5.1 39 170 4.3 23
Clavos (40%) - - - 503 4.8 78 503 4.8 78 318 4.5 48
PDFZ Properties 4,012 4.1 520 31,214 2.1 2,149 35,226 2.4 2,668 14,879 4.6 2,152
Reserves to Resources 5,015 6.0 967 33,803 3.4 3,748 39,038 3.7 4,715 16,796 6.2 3,329

Notes as at December 31, 2014:

  • Resources are exclusive of Reserves
  • Rows and columns may not add due to rounding
  • Property Wide resources under Kirkland Lake Properties include the ’04 & Main Break, SMC, Near Surface Target, as well as peripheral resources blocks (such as the Lakeshore Ramp).
  • The reserve and resource estimates for the Kirkland Lake Gold Properties have been audited and verified, and the technical disclosure in the press release dated April 13, 2015, has been approved, by the Company’s independent reserve and resource engineer, Glenn R. Clark, P. Eng., of Glenn R. Clark & Associates Limited. Mr. Clark is a ‘qualified person’ under National Instrument 43-101, Standards of Disclosure for Mineral Projects, of the Canadian Securities Administrators. The report detailing the December 31, 2014, reserve and resource estimates includes key assumptions, parameters and methods used to estimate the foregoing reserves and resources.
  • NI 43-101 Disclosure for the PDFZ Properties (formerly the St Andrew Goldfields Ltd., properties) is included in the Annual Information Form dated March 27, 2015, available under the St Andrew Goldfields Ltd., profile on www.sedar.com, and references the various technical reports for each project available under Technical Reports and also available on www.sedar.com.
  • The QP’s for the mineral reserves and resources outlined under the PDFZ Properties were Doug Cater P.Geo, and Keyvan Salehi P.Eng., the VP Exploration and VP Corporate Development and Technical Services of St Andrew Goldfields Ltd., were not considered independent under NI 43-101