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The Andean Resources Limited website is at www.andean.com.au.
Information Links: Yahoo News and Quotes | Yahoo Message Board | StockCharts | Canadian Insider Trading
This report is based on NI 43-101 resource and reserve disclosures and fully diluted share counts available on 2010-04-01.
The GoldMinerPulse metrics, presented below in table format, are based on all projects and all in situ metals and are updated daily with closing market prices.
| General Metric | Value on 2012-02-03 |
|---|---|
| In Situ Metal Value per Share (MVpSh) | US$12.69 |
| Average Ore Value per Tonne | US$408.18 |
| Metal Value Leverage (MVL) | -no stock price- |
| Market Capitalization as a Percentage of Metal Value | - price unavailable |
| Recent Closing Stock Price | C$ [note 1] |
| Fully Diluted Share Count | 481.60 M [note 2] |
| Percentage In Situ Proven + Probable Reserve | 0% |
| Percentage In Situ Measured + Indicated Resource | 71% |
| Percentage In Situ Inferred Resource | 29% |
| Metric | Value on 2012-02-03 |
|---|---|
| Gold Reserves + Resources | 3.05 M oz |
| Average Gold Ore Grade | 6.3 g/t |
| Market Capitalization per oz of Gold In Situ | US$0.00 ( C$0.00 ) |
| Gold Equivalent Ounces Estimate | 3.54 M oz |
| Market Capitalization per oz of Gold Equivalent | US$0.00 ( C$0.00 ) |
Note 1: Conversion rate used: 1 Cnd$ = 1.00682 US$
Note 2: Fully diluted share count was taken from the company's Share Information web page (viewed April 2010).
All metal counts in this section are based on the combined Proven + Probable reserves plus the Measured + Indicated and Inferred resources.
| Metric / Metal | Gold | Silver | ||
|---|---|---|---|---|
| Total Counts (reserves + resources) | 3.05 M oz | 25.36 M oz | ||
| Metal Prices in US$ (from 2012-02-03) | $1,725.90 / oz | $33.63 / oz | ||
| Metal Value per Share (MVpSh) Shown in US$. Based on fully diluted share count | $10.91 | $1.77 | ||
| Percentage of Total Metal Value | 86.04% | 13.96% | ||
| Metal Value Percentage Proven + Probable | 0% | 0% | ||
| Metal Value Percentage Measured + Indicated | 70% | 79% | ||
| Metal Value Percentage Inferred | 30% | 21% | ||
The above metal value totals derive from the following projects.
| Project | Location | Metal Value per share (% total) | Average Ore Value US$/t | Gold | Silver | PP% | MI% | I% |
|---|---|---|---|---|---|---|---|---|
| Cerro Negro | Santa Cruz, Argentina | $12.69 ( 100.0% ) | US$408.18 | 3.05 M oz | 25.36 M oz | 0 | 71% | 29% |
PP%: percentage of metal value from Proven + Probable reserves
MI%: percentage of metal value from Measured + Indicated resources
I%: percentage of metal value from Inferred resources
Note: percentages may no add to 100% due to rounding errors
Latest NI43-101 Report: TECHNICAL REPORT ON THE PRE-FEASIBILITY STUDY, CERRO NEGRO PROPERTY SANTA CRUZ PROVINCE, ARGENTINA
2008-12 (228 pages).
Updates: Andean Resources Limited, Cerro Negro Gold project quick facts viewed August 2009.
Project Location: Santa Cruz, Argentina. View Cerro Negro gold property on a Google Map.
Average Ore Value (all estimate types): US$408.18
Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $3.70 | 1.03 M oz | 12.900 g/t | 2.49 M t |
| Silver | $1.31 | 18.81 M oz | 235.000 g/t | 2.49 M t |
Estimate notes: Andean Resources Limited, Cerro Negro Gold project quick Eureka zone
viewed August 2009.
3.0 g Au Eq/t cutoff
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $1.19 | 330.94 K oz | 10.700 g/t | 962.00 K t |
| Silver | $0.34 | 4.86 M oz | 157.000 g/t | 962.00 K t |
Estimate notes: See Indicated note for Eureka zone.
Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $1.97 | 548.40 K oz | 3.700 g/t | 4.61 M t |
Estimate notes: Andean Resources Limited, Cerro Negro Gold project quick Vein zone
viewed April 20101.
1.0 g/t AuEq cutoff
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $1.34 | 374.14 K oz | 2.700 g/t | 4.31 M t |
Estimate notes: See Vein zone Indicated note.
1.0 g/t AuEq cutoff
Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $1.97 | 550.73 K oz | 10.100 g/t | 1.70 M t |
| Silver | $0.09 | 1.28 M oz | 23.400 g/t | 1.70 M t |
Estimate notes: Andean Reports Initial Bajo Negro Resource Estimate, March 24, 2010.
3.0 g/t AuEq cutoff
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.75 | 208.68 K oz | 7.220 g/t | 899.00 K t |
| Silver | $0.03 | 413.32 K oz | 14.300 g/t | 899.00 K t |
Estimate notes: See Bajo Negro Indicated notes.
3.0 g/t AuEq cutoff
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