NI 43-101 TECHNICAL REPORT Mineral Resource and Mineral Reserve Update Chelopech Mine Chelopech, Bulgaria
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NI 43-101 TECHNICAL REPORT Mineral Resource and Mineral Reserve Update Chelopech Mine Chelopech, Bulgaria REPORT NO. R173.2020 Effective Date: 30 March 2020 DUNDEE PRECIOUS METALS INC. NI 43-101 TECHNICAL REPORT – MINERAL RESOURCE AND MINERAL RESERVE UPDATE – CHELOPECH MINE Report prepared for Client Name Dundee Precious Metals Inc. Project Name/Job Code Chelopech – DPMRES18 Contact Name Ross Overall Contact Title Corporate Mineral Resource Manager Office Address 26 Bacho Kiro Street, 3rd Floor, Sofia 1000, Bulgaria Report issued by CSA Global (UK) Limited (UK Office) Suite 2, First Floor, Springfield House, Springfield Road Horsham, West Sussex CSA Global Office RH12 2RG UNITED KINGDOM T +44 1403 255 969 F +44 1403 240 896 E [email protected] Division Corporate Report information File Name R173.2020 DPMRES NI 43-101 Chelopech 2020_Final Last Edited 30/03/2020 13:28:00 Report Status Final Author, Qualified Person and Reviewer Signatures Coordinating Maria O’Connor (QP) Signature: “signed and sealed” Author: MAusIMM, MAIG Coordinating Karl van Olden (QP) Signature: “signed and sealed” Author: FAusIMM Contributing Petya Kuzmanova (QP) Signature: “signed and sealed” Author: MIMMM, CSci Contributing Gary Patrick (QP) Signature: “signed and sealed” Author: MAusIMM, CP (Met) Galen White Peer Reviewer: Signature: “signed and sealed” FAusIMM, FGS CSA Global Galen White Signature: “signed and sealed” Authorisation: FAusIMM, FGS © Copyright 2020 CSA Global Report Nº R173.2020 I DUNDEE PRECIOUS METALS INC. NI 43-101 TECHNICAL REPORT – MINERAL RESOURCE AND MINERAL RESERVE UPDATE – CHELOPECH MINE Purpose of this document This Report was prepared for Dundee Precious Metals Inc. (“the Client”) by CSA Global (UK) Limited (“CSA Global”). The quality of information, conclusions, and estimates contained in this Report are consistent with the level of the work carried out by CSA Global to date on the assignment, in accordance with the assignment specification agreed between CSA Global and the Client. Notice to third parties CSA Global has prepared this Report having regard to the needs and interests of the Client, for the purposes of the Client’s reporting in accordance with NI 43-101 (as defined herein). This Report is not designed for any other person’s needs or interests. Third party needs, and interests may be distinctly different to the Client’s needs and interests, and the Report may not be sufficient nor fit or appropriate for the third party. Results are estimates and subject to change The interpretations and conclusions reached in this Report are based on current scientific understanding and the best evidence available to the authors at the time of writing. It is the nature of all scientific conclusions that they are founded on an assessment of probabilities and, however high these probabilities might be, they make no claim for absolute certainty. The ability of any person to achieve forward-looking production and economic targets is dependent on numerous factors that are beyond CSA Global’s control and that CSA Global cannot anticipate. These factors include, but are not limited to, site-specific mining and geological conditions, management and personnel capabilities, availability of funding to properly operate and capitalise the operation, variations in cost elements and market conditions, developing and operating the mine in an efficient manner, unforeseen changes in legislation and new industry developments. Any of these factors may substantially alter the performance of any mining operation. CSA Global Report Nº R173.2020 II DUNDEE PRECIOUS METALS INC. MINERAL RESOURCE AND RESERVE UPDATE – CHELOPECH PROJECT Certificate of Qualified Person – Maria O’Connor As a Qualified Person of this Technical Report on the Chelopech Mine of Dundee Precious Metals - Chelopech, Bulgaria, I, Maria O’Connor do hereby certify that: 1. I am a Principal Resource Geologist of CSA Global (UK) Limited and completed this work for CSA Global (UK) Limited, Springfield House, Suite 2 First Floor, Horsham, West Sussex, RH12 2RG, United Kingdom, telephone: (+44) 1403 255 969, email: [email protected]. 2. The Technical Report to which this certificate applies is titled “NI 43-101 Technical Report, Mineral Resource and Mineral Reserve Update, Chelopech Mine, Chelopech, Bulgaria” with an effective date of 30 March 2020. 3. I hold a BSc degree in Environmental Geochemistry from University College Dublin (2004) and am a registered Member in good standing of the Australian Institute of Geologists (AIG Membership Number 5931). I am familiar with NI 43-101 and, by reason of education, experience in the exploration, evaluation of high sulphide epithermal systems, and of mineral deposits in Europe, Australia and Africa, and professional registration; I fulfil the requirements of a Qualified Person as defined in NI 43-101. My experience includes over 15 years in geology and resource evaluation. 4. I have personally inspected the property that is the subject of this Technical Report mumerous times, the most recent inspection being between 11 and 12 November 2019. 5. I am responsible for Sections 1 to 9, 12, 14, 23 and 25 to 27 of this Technical Report. 6. I am independent of the issuer as described in Section 1.5 of NI 43-101. 7. I have had prior involvement with the property that is the subject of this Technical Report, in relation to the preparation of an NI 43-101 Technical Report titled “NI43-101 Technical Report, Mineral Resource and Mineral Reserve Update, Chelopech Mine, Bulgaria”, report number R191.2018, with an effective date of 28 March 2018. 8. I have read NI 43-101 and the sections of the Technical Report I am responsible for have been prepared in compliance with NI 43-101. 9. As of the effective date of the Technical Report, to the best of my knowledge, information and belief, the sections of Technical Report that I am responsible for contain all scientific and technical information that is required to be disclosed to make this report not misleading. Dated this 30th day of March 2020. “signed and sealed” Maria O’Connor BSc (Hons), MAIG Manager Resources - EMEA CSA Global (UK) Limited CSA Global Report Nº R188.2019 I DUNDEE PRECIOUS METALS INC. NI 43-101 TECHNICAL REPORT – MINERAL RESOURCE AND MINERAL RESERVE UPDATE – CHELOPECH MINE Certificate of Qualified Person – Karl van Olden As a Qualified Person of this Technical Report on the Chelopech Mine of Dundee Precious Metals - Chelopech, Bulgaria, I, Karl van Olden do hereby certify that: 1. I am a Principal Consultant and Manager-Mining for CSA Global Pty Ltd, Level 2, 3 Ord Street, West Perth, Western Australia, 6005, Australia, telephone: +61 8 9355 1677, email: [email protected]. 2. The Technical Report to which this certificate applies is titled “NI 43-101 Technical Report, Mineral Resource and Mineral Reserve Update, Chelopech Mine, Chelopech, Bulgaria” with an effective date of 30 March 2020. 3. I hold a BSc Engineering degree in Mining from the University of the Witwatersrand, Johannesburg. I am a Fellow of the Australasian Institute of Mining and Metallurgy. I am familiar with NI 43-101 and, by reason of education, experience in the evaluation and mining of vein hosted mineral deposits in, Africa and Australia, and professional registration; I fulfil the requirements of a Qualified Person as defined in NI 43-101. My work experience includes 28 years in the mining industry. 4. I completed a personal inspection of the property that is the subject of this Technical Report, between 19th and 23rd of February 2018 for a total of 4 days. 5. I am responsible for Sections 15 and 16, 18 to 22 and 24 of this Technical Report. 6. I am independent of the issuer as described in Section 1.5 of NI 43-101. 7. I have had prior involvement with the property that is the subject of this Technical Report, in relation to the preparation of an NI43-101 Technical Report titled “NI43-101 Technical Report, Mineral Resource and Mineral Reserve Update, Chelopech Mine, Bulgaria”, report number R191.2018, with an effective date of 28 March 2018. 8. I have read NI 43-101, and the sections of the Technical Report I am responsible for have been prepared in compliance with NI 43-101. 9. As of the effective date of the Technical Report to the best of my knowledge, information and belief, the sections of Technical Report that I am responsible for contains all scientific and technical information that is required to be disclosed to make this report not misleading. Dated this 30th day of March 2020. “signed and sealed” Karl van Olden BSc (Eng)(Mining), GDE, MBA, FAusIMM Manager Mining CSA Global Pty Ltd CSA Global Report Nº R173.2020 II DUNDEE PRECIOUS METALS INC. NI 43-101 TECHNICAL REPORT – MINERAL RESOURCE AND MINERAL RESERVE UPDATE – CHELOPECH MINE Certificate of Qualified Person – Gary Patrick As a Qualified Person of this Technical Report on the Chelopech Mine of Dundee Precious Metals - Chelopech, Bulgaria, I, Gary Patrick do hereby certify that: 1. I am a Senior Associate Metallurgist and carried out this assignment for CSA Global (UK) Limited, First Floor, Suite 2, Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG, United Kingdom, telephone: +44 1403 255 969, email: [email protected]. 2. The Technical Report to which this certificate applies is titled “NI 43-101 Technical Report, Mineral Resource and Reserve Update, Chelopech Mine, Chelopech, Bulgaria” and is dated effective 30 March 2020. 3. I hold a BSc. (Chemistry/Extractive Metallurgy) and am a registered Member of the AusIMM (CP, #108090). I am familiar with NI 43-101 and, by reason of education, experience in exploration, evaluation and mining of gold deposits and professional registration; I fulfil the requirements of a Qualified Person as defined in NI 43-101. My experience includes 25 years in operations, metallurgical testwork supervision, flowsheet development, and study work.