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Asmara Project Feasibility Study NI 43-101 Technical Report

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Asmara Project Feasibility Study NI 43-101 Technical Report Asmara Project Feasibility Study NI 43-101 Technical Report AUTHORS CONSENT TO FILING Page i 16 May 2013 Asmara Project Feasibility Study NI 43-101 Technical Report Neil Senior SENET (Pty) Limited Executive Director Building 12, Greenstone Hill Office Park Emerald Boulevard Modderfontein, Johannesburg Gauteng 1609 Republic of South Africa [email protected] CONSENT of QUALIFIED PERSON I, Neil Senior, consent to the public filing of the technical report titled “Asmara Project Feasibility Study NI 43-101 Technical Report” dated effective May 16, 2013 (the “Technical Report”) by SENET Pty Ltd. and in part by Snowden Inc, Blue Coast Metallurgy Ltd and Knight Piésold Ltd. I also consent to any extracts from or a summary of the Technical Report in the May 16, 2013 and May 28, 2013 news releases of Sunridge Gold Corp. I certify that I have read the news release that the report supports being filed by Sunridge Gold Corp. and that it fairly and accurately represents the information in the sections of the technical report for which I am responsible. Dated this 26th day of June 2013 “Signed and sealed by Neil Senior” Neil Senior 16 May 2013 Page ii Asmara Project Feasibility Study NI 43-101 Technical Report Anthony Finch Snowden Mining Industry Consultant Pty Ltd Level 3, The Magdalen Centre, Robert Robinson Avenue, The Oxford Science Park, Oxford 0X4 4GA United Kingdom [email protected] CONSENT of QUALIFIED PERSON I, Anthony Finch consent to the public filing of the technical report titled “Asmara Project Feasibility Study NI 43-101 Technical Report” dated effective May 16, 2013 (the “Technical Report”) by SENET Pty Ltd. and in part by Snowden Inc, Blue Coast Metallurgy Ltd and Knight Piésold Ltd. I also consent to any extracts from or a summary of the Technical Report in the May 16, 2013 and May 28, 2013 news releases of Sunridge Gold Corp. I certify that I have read the news release that the report supports being filed by Sunridge Gold Corp. and that it fairly and accurately represents the information in the sections of the technical report for which I am responsible. Dated this 26th day of June 2013 “Signed and sealed by Anthony Finch” Anthony Finch 16 May 2013 Page iii Asmara Project Feasibility Study NI 43-101 Technical Report Andrew F Ross Snowden Mining Industry Consultants Pty Ltd 87 Colin Street West Perth, Australia [email protected] CONSENT of QUALIFIED PERSON I, Andrew F. Ross, consent to the public filing of the technical report titled “Asmara Project Feasibility Study NI43-101 Technical Report” dated effective May 16, 2013 (the “Technical Report”) by SENET Pty Ltd. and in part by Snowden Inc, Blue Coast Metallurgy Ltd and Knight Piesold Ltd. I also consent to any extracts from or a summary of the Technical Report in the May 16, 2013 and May 28, 2013 news releases of Sunridge Gold Corp. I certify that I have read the news release that the report supports being filed by Sunridge Gold Corp. and that it fairly and accurately represents the information in the sections of the technical report for which I am responsible. Dated this 26th day of June 2013 “Signed and sealed by Andrew F. Ross” Andrew F Ross 16 May 2013 Page iv Asmara Project Feasibility Study NI 43-101 Technical Report Scott David Rees Knight Piésold Ltd. 1400 – 750 West Pender Street, Vancouver British Columbia [email protected] CONSENT of QUALIFIED PERSON I, Scott David Rees, consent to the public filing of the technical report titled “Asmara Project Feasibility Study NI 43-101 Technical Report” dated effective May 16, 2013 (the “Technical Report”) by SENET Pty Ltd. and in part by Snowden Inc, Blue Coast Metallurgy Ltd and Knight Piésold Ltd. I also consent to any extracts from or a summary of the Technical Report in the May 16, 2013 and May 28, 2013 news releases of Sunridge Gold Corp. I certify that I have read the news release that the report supports being filed by Sunridge Gold Corp. and that it fairly and accurately represents the information in the sections of the technical report for which I am responsible. Dated this 26th day of June 2013 “Signed and sealed by Scott David Rees” Scott David Rees 16 May 2013 Page v Asmara Project Feasibility Study NI 43-101 Technical Report Christopher John Martin Blue Coast Metallurgy Ltd 1020 Herring Gull Way, Parksville British Columbia, Canada [email protected] CONSENT of QUALIFIED PERSON I, Christopher John Martin, consent to the public filing of the technical report titled “Asmara Project Feasibility Study NI43-101 Technical Report” dated effective May 16, 2013 (the “Technical Report”) by SENET Pty Ltd. and in part by Snowden Inc, Blue Coast Metallurgy Ltd and Knight Piesold Ltd. I also consent to any extracts from or a summary of the Technical Report in the May 16, 2013 and May 28, 2013 news releases of Sunridge Gold Corp. I certify that I have read the news release that the report supports being filed by Sunridge Gold Corp. and that it fairly and accurately represents the information in the sections of the technical report for which I am responsible. Dated this 26th day of June 2013 “Signed and sealed by Christopher John Martin” Christopher John Martin 16 May 2013 Page vi Asmara Project Feasibility Study NI 43-101 Technical Report IMPORTANT NOTICE This report was prepared as a National Instrument 43-101 Technical Report, in accordance with Form 43-101F1, for Sunridge Gold Corp. by SENET. The quality of information, conclusions, and estimates contained herein is consistent with the level of effort involved in SENET‟s services, based on: i) information available at the time of preparation, ii) data supplied by outside sources, and iii) the assumptions, conditions, and qualifications set forth in this report. This report is intended to be used by Sunridge Gold Corp., subject to the terms and conditions of its contract with SENET. That contract permits Sunridge Gold Corp. to file this report as a Technical Report with Canadian Securities Regulatory Authorities pursuant to provincial securities legislation. Except for the purposes legislated under provincial securities law, any other use of this report by any third party is at that party‟s sole risk. 16 May 2013 Page vii Asmara Project Feasibility Study NI 43-101 Technical Report TABLE OF CONTENTS 1 SUMMARY ................................................................................................................. 1 1.1 Introduction ................................................................................................................ 1 1.2 Property Description and Ownership .......................................................................... 1 1.3 Geology and Mineralization ........................................................................................ 1 1.3.1 Emba Derho .................................................................................................... 2 1.3.2 Adi Nefas ........................................................................................................ 2 1.3.3 Gupo ............................................................................................................... 2 1.3.4 Debarwa ......................................................................................................... 3 1.4 Status of Exploration, Development and Operations ................................................... 3 1.5 Mineral Processing and Metallurgical Testwork .......................................................... 3 1.6 Mineral Resource Estimation ...................................................................................... 5 1.6.1 Emba Derho .................................................................................................... 5 1.6.2 Adi Nefas ........................................................................................................ 6 1.6.3 Gupo ............................................................................................................... 7 1.6.4 Debarwa ......................................................................................................... 7 1.7 Mineral Reserve Statement ........................................................................................ 9 1.8 Mining Methods .......................................................................................................... 9 1.9 Environmental Studies and Social Impacts ................................................................. 9 1.10 Recovery Methods.................................................................................................... 10 1.11 Project Infrastructure ................................................................................................ 11 1.11.1 Emba Derho Site Infrastructure ..................................................................... 11 1.11.2 Emba Derho Tailings and Water Infrastructure .............................................. 13 1.11.3 Water Management ....................................................................................... 14 1.12 Project Schedule ...................................................................................................... 14 1.13 Capital and Operating Costs ..................................................................................... 15 1.13.1 Operating Costs ............................................................................................ 15 1.13.2 Capital Costs ................................................................................................. 16 1.14 Economic Analysis ..................................................................................................
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