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Company Web Site: www.andean.com.au
This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2010-04-01. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-09-02.
External Links: Yahoo News and Quotes | Yahoo Message Board | StockCharts | Stockhouse | Canadian Insider Trading
GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-09-02
Project/Deposit CC MVpSh PP% MI% I% Gold Silver Cerro Negro AR $8.95 0 71% 29% 3.05 M oz 25.36 M oz GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Sept-02 Metric / Metal Gold Silver Metal Totals 3.05 M oz 25.36 M oz Metal Prices in US$ (from 2010-09-02) $1,251.30 per oz $19.69 per oz Metal Value per Share (MVpSh)
(Shown in US$ and based on fully diluted share count shown below)$7.91 $1.04 Percentage of Total Metal Value 88.42% 11.58% PP% | MI% | I% 0 | 70% | 30% 0 | 79% | 21% GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Sept-02 Metal Value per Share (MVpSh) US$8.95 Average Ore Value per Tonne US$287.98 Metal Value Leverage (MVL) 1.96 Market Capitalization as % of Metal Value 51.0% Recent Stock Price C$4.81 (TSX/TSXV close on 2010-09-02.)
Conversion rate used: 1 Cnd$ = 0.949244 US$ )Fully Diluted Share Count 481.60 M ( Fully diluted share count was taken from the company's Share Information web page (viewed April 2010). ) PP% | MI% | I% 0 | 71% | 29% Gold Metrics-- all Projects/Deposits Average Gold Ore Grade 6.329 g/t Market Capitalization
per oz of Gold In Ground$722.00 US$ | 760.60 C$ Gold Eq Oz Estimate 3.44 M oz ( 3.05 M oz are in ground) Market Capitalization
per oz of Gold Equilavent$638.36 US$ | 672.50 C$ See terms for more about GoldMinerPulse metrics. GoldMinerPulse Coverage Status:
- GoldMinerPulse coverage of Andean Resources Limited is complete pending a final internal review.
(NI) 43-101 Report:
Title: TECHNICAL REPORT ON THE PRE-FEASIBILITY STUDY, CERRO NEGRO PROPERTY SANTA CRUZ PROVINCE, ARGENTINA
Date: 2008-12 (228 pages)
Updates: Andean Resources Limited, Cerro Negro Gold project quick facts viewed August 2009.
Project Location: Santa Cruz, Argentina
Map View: View Cerro Negro gold property on a Google Map.
Most Optimistic Resource Estimates (MORE):
•Indicated•Inferred
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity Gold $2.68 1.03 M oz 12.900 g/t 2.49 M t Silver $0.77 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
•Indicated
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity Gold $0.86 330.94 K oz 10.700 g/t 962.00 K t Silver $0.20 4.86 M oz 157.000 g/t 962.00 K t Estimate notes: See Indicated note for Eureka zone.
•Inferred
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity Gold $1.42 548.40 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
•Indicated
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity Gold $0.97 374.14 K oz 2.700 g/t 4.31 M t Estimate notes: See Vein zone Indicated note.
1.0 g/t AuEq cutoff
•Inferred
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity Gold $1.43 550.73 K oz 10.100 g/t 1.70 M t Silver $0.05 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
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity Gold $0.54 208.68 K oz 7.220 g/t 899.00 K t Silver $0.02 413.32 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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