text: Resource 
  
  MPR Geological Consultants Pty Ltd (MPR) has 
  estimated Mineral Resources for the Bowdens 
  silver lead zinc deposit and reviewed the quality 
  of sampling and assaying for Kingsgate’s 2012 
  drilling. 
  
  Estimated resources include silver, lead and zinc 
  grades and are reported above silver equivalent 
  cut off grades. The silver equivalence formula 
  is based on commodity prices and recoveries 
  provided by Kingsgate, which give the following 
  function. 
  
  Ag equivalent (g/t) = Ag (g/t) + 27.5 x Pb (%) + 
  22.8 x Zn (%) 
  
  The study database comprises 567 RAB, aircore, 
  Reverse Circulation hammer (RC), and diamond 
  drill holes completed by Kingsgate and previous 
  explorers since 1989 for a combined 63,088 
  metres of drilling. 
  lithology types. This included providing confir- 
  mation of milling circuit parameters and overall 
  improved metallurgical recovery. 
  
  A JORC-compliant resource estimate was 
  completed in October 2012 and the current total 
  measured, indicated and inferred resource (at a 30 
  grams per tonne silver equivalent (AgEq) lower 
  cut-off grade) is 182 million ounces of AgEq. 