2014 Nordgold Group Mineral Resources and Ore Reserves Overview 2015 April April CONTENTS TABLES ........................................................................................................................................ 5 FIGURES ....................................................................................................................................... 7 1 INTRODUCTION ................................................................................................................... 9 2 GROUP MINERAL RESOURCES AND ORE RESERVES ............................................................. 13 2.1 Overview of Group Mineral Resources and Ore Reserves ....................................................... 13 2.2 Assessment and Reporting Criteria .......................................................................................... 21 2.3 Development and Exploration Projects ................................................................................... 23 3 OPERATING MINES - BURKINA FASO ................................................................................... 25 3.1 Regional Geology ..................................................................................................................... 25 3.2 Bissa ......................................................................................................................................... 27 3.2.1 Location and Access ...................................................................................................... 27 3.2.2 Project Ownership and License Details ......................................................................... 29 3.2.3 Local Geology ................................................................................................................ 29 3.2.4 Current Mineral Resources and Ore Reserves .............................................................. 31 3.2.5 Operational Profile – Mine and Plant ........................................................................... 31 3.2.6 Key Operational Developments .................................................................................... 32 3.2.7 Recent Exploration ........................................................................................................ 33 3.2.8 Technical Reports References ....................................................................................... 34 3.3 Taparko .................................................................................................................................... 35 3.3.1 Location and Access ...................................................................................................... 35 3.3.2 Project Ownership and License Details ......................................................................... 36 3.3.3 Local Geology ................................................................................................................ 37 3.3.4 Current Mineral Resources and Ore Reserves .............................................................. 37 3.3.5 Operational Profile – Mine and Plant ........................................................................... 38 3.3.6 Key Operational Developments .................................................................................... 38 3.3.7 Recent Exploration ........................................................................................................ 39 3.3.8 Technical Reports References ....................................................................................... 40 4 OPERATING MINES - GUINEA .............................................................................................. 41 4.1 Lefa ........................................................................................................................................... 41 4.1.1 Location and Access ...................................................................................................... 41 4.1.2 Project Ownership and License Details ......................................................................... 41 4.1.3 Regional and Local Geology .......................................................................................... 42 4.1.4 Current Mineral Resources and Ore Reserves .............................................................. 42 4.1.5 Operational Profile – Mine and Plant ........................................................................... 43 4.1.6 Key Operational Developments .................................................................................... 43 4.1.7 Recent Exploration ........................................................................................................ 44 4.1.8 Technical Reports References ....................................................................................... 44 5 OPERATING MINES - RUSSIA ............................................................................................... 45 5.1 Berezitovy ................................................................................................................................ 45 5.1.1 Location and Access ...................................................................................................... 45 2014 Nordgold Mineral Resource and Ore Reserve Overview Final Version Page 1 5.1.2 Project Ownership and License Details ......................................................................... 46 5.1.3 Regional and Local Geology .......................................................................................... 46 5.1.4 Current Mineral Resources and Ore Reserves .............................................................. 47 5.1.5 Operational Profile – Mine and Plant ........................................................................... 47 5.1.6 Key Operational Developments .................................................................................... 47 5.1.7 Recent Exploration ........................................................................................................ 48 5.1.8 Technical Reports References ....................................................................................... 49 5.2 Neryungri ................................................................................................................................. 49 5.2.1 Location and Access ...................................................................................................... 49 5.2.2 Project Ownership and License Details ......................................................................... 50 5.2.3 Regional and Local Geology .......................................................................................... 50 5.2.4 Current Mineral Resources and Ore Reserves .............................................................. 51 5.2.5 Operational Profile – Mine and Plant ........................................................................... 51 5.2.6 Key Operational Developments .................................................................................... 52 5.2.7 Recent Exploration ........................................................................................................ 52 5.2.8 Technical Reports References ....................................................................................... 53 5.3 Aprelkovo ................................................................................................................................. 53 5.3.1 Location and Access ...................................................................................................... 53 5.3.2 Project Ownership and License Details ......................................................................... 54 5.3.3 Regional and Local Geology .......................................................................................... 54 5.3.4 Current Mineral Resources and Ore Reserves .............................................................. 55 5.3.5 Operational Profile – Mine and Plant ........................................................................... 55 5.3.6 Key Operational Developments .................................................................................... 55 5.3.7 Recent Exploration ........................................................................................................ 56 5.3.8 Technical Reports References ....................................................................................... 57 5.4 Zun-Holba ................................................................................................................................. 58 5.4.1 Location and Access ...................................................................................................... 58 5.4.2 Project Ownership and License Details ......................................................................... 58 5.4.3 Regional and Local Geology .......................................................................................... 58 5.4.4 Current Mineral Resources and Ore Reserves .............................................................. 59 5.4.5 Operational Profile – Mine and Plant ........................................................................... 59 5.4.6 Key Operational Developments .................................................................................... 60 5.4.7 Recent Exploration ........................................................................................................ 61 5.4.8 Technical Reports References ......................................................................................