Tanami Gold NL (ASX: TAM) ('Tanami Gold' or the 'Company'), is pleased to provide this Annual Mineral Resource Statement for the Central Tanami Project, a 50/50 Joint Venture between Tanami Gold and ASX listed Northern Star Resources Limited ('Northern Star') (ASX:NST).
The Mineral Resources for the Central Tanami Project (Tanami Gold 50% - Northern Star 50%) as of 30 June 2023, total 25Mt grading 3.2 g/t gold for 2.6Mozs.
This represents a decrease of 15% in tonnes, a 12% increase in grade, and a reduction of 5% in contained ounces when compared to the historically stated Mineral Resources. Throughout the period from 1 July 2022 to 30 June 2023 ('FY23'), the process of updating the Central Tanami Project Mineral Resource estimates continued. These updates are part of an ongoing initiative to align the Mineral Resource estimates for the Central Tanami Project with the reporting standards outlined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves ('2012 JORC Code').
Updates have been successfully completed for 11 gold deposits, including Groundrush, Ripcord, Crusade, Jims, Hurricane-Repulse, Beaver, Banjo, Bonsai, Orion, Cheeseman, and Pendragon and these were disclosed to the ASX on:
24 November 2022 - Mineral Resource Updates Completed For Five Gold Deposits On The Central Tanami Project Joint Venture Yields 1.5Mozs; 30 August 2023 - Mineral Resource Updates Completed for Gold Deposits In The Molech Area.
The updated estimates have been developed using revised geological models that more accurately represent the mineralised systems. Each of these updated Mineral Resource estimates were tightly constrained by Whittle and Stope Optimisations. Deposit-specific cut-off grades are determined based on an A$2,700 per ounce gold price, haulage to the existing Central Tanami Mill Site, benchmark operating costs, and free-milling processing recoveries. Mineral Resource estimates for 13 Central Tanami Project gold deposits still follow the reporting criteria of the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves (the '2004 JORC Code'). These estimates have not been subjected to economic constraints. They were first released to the ASX on: 8 June 2011 - Tanami Lifts Gold Resources to 2.3Moz and unveils a 400,000oz Ore Reserve.
It is projected that estimates for MLS153, representing the Southern, Miracle, Bastille, Dinky, Thrasher deposits, and MLS 167 representing the Phoenix, Redback Rise, Lynx, Legs, Bulldog, Dogbolter, and Carbine deposits in the Tanami Mine Corridor area, along with Camel Bore and the previously unreleased Galifrey in the Tanami Southwest area, will undergo updates during the 2023-2024 period ('FY24'). The Central Tanami Project Joint Venture ('CTPJV') has established comprehensive governance and internal controls for the Mineral Resource estimates. The updated estimates were compiled by mining consultants MoJoe Mining Pty Ltd ('MJM'), an organisation with personnel experienced in best practices in modelling and estimation methods. MJM conducted reviews of the quality and suitability of the underlying information, which includes on-site visits to the Central Tanami Project area. Furthermore, the CTPJV management regularly conducts evaluations, peer reviews, and audits of internal processes and external contractors employed in these efforts. Established in 2015, the CTPJV aims to advance exploration across the 2,211km2 tenement area in the Tanami region. Its goal is to develop and mine the Groundrush Gold Deposit ('Groundrush'), along with any other gold deposits within the Central Tanami Project area, using existing mining infrastructure. Located 650km northwest of Alice Springs in the Northern Territory, the Central Tanami Project area encompasses highly prospective geological sequences in an area that is known to be well-endowed with gold mineralisation and where around 2.1 million ounces have historically been produced since small-scale mining activities began in the 1900's.
Pendragon is located on Exploration Licence 26925, around 36 kilometres west of the Central Tanami Mill site. The Mineral Resource represents open pit material and underground material that is reported at cut-off grades of 0.65 g/t gold and 1.80 g/t gold, respectively. The Mineral Resource has been tightly constrained by Whittle and Stope Optimisations. Deposit specific cut-off grades were determined based on an A$2,700 per ounce gold price, haulage to the existing Central Tanami Mill Site, benchmark operating costs and free milling processing recoveries. The Pendragon Mineral Resources were reported to the ASX on 30 August 2023 - Mineral Resource Updates Completed for Gold Deposits In The Molech Area. This report represented the maiden Mineral Resource estimate for this deposit. The Company confirms that it is not aware of any new information or data that materially affects the Pendragon Mineral Resource, and the assumptions and technical parameters underpinning the estimates in the 30 August 2023 report continue to apply and have not materially changed.
This release has been authorised by the Board of Directors of Tanami Gold NL.
Arthur G Dew
Chairman
Competent Persons Statements
The information in this release that relates to the Mineral Resource estimates of the Groundrush Gold Deposit, Ripcord Gold Deposit, Jims Gold Deposits, Hurricane-Repulse Gold Deposits and the Crusade Gold Deposit is based on information compiled by Mr. Graeme Thompson, who is a Member of the Australasian Institute of Mining and Metallurgy, and is an employee of MoJoe Mining Pty Ltd. Mr Graeme Thompson has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which he has undertaken to qualify as a Competent Person, as defined in the 2012 Edition of the Australasian Code for the Reporting of Mineral Resources and Ore Reserves. Mr Graeme Thompson provided written consent approving the inclusion of the Mineral Resource estimates in the report dated 24 November 2022 - Mineral Resource Updates Completed for Five Gold Deposits on the Central Tanami Project Joint Venture Yields 1.5m Ounces in the form and context in which they appear. The Company confirms that it is not aware of any new information or data that materially affects the Mineral Resource estimates as reported on the 24 November 2022, noting that the drilling undertaken at Groundrush, Ripcord and Jims during FY-23, and the assumptions and technical parameters underpinning the Mineral Resource estimates reported in the 24 November 2022 report continue to apply and have not materially changed. Mr Neale Edwards BSc (Hons), a Fellow of the Australian Institute of Geoscientists, who is a Director of Tanami Gold NL and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2012 Edition of the Australasian Code of Reporting for Exploration Results, Mineral Resources and Ore Reserves confirms that the form and context in which the Mineral Resource estimates dated 1 November 2022 are presented in this report have not been materially modified and are consistent with the 24 November 2022 release.
The information in this release that relates to the Mineral Resource estimate of the Beaver Gold Deposit, Banjo Gold Deposit, Bonsai Gold Deposit, Orion Gold Deposit, Cheeseman Gold Deposit and the Pendragon Gold Deposit is based on information compiled by Mr. Graeme Thompson, who is a Member of the Australasian Institute of Mining and Metallurgy, and is an employee of MoJoe Mining Pty Ltd. Mr Graeme Thompson has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which he has undertaken to qualify as a Competent Person, as defined in the 2012 Edition of the Australasian Code for the Reporting of Mineral Resources and Ore Reserves. Mr Graeme Thompson has provided written consent approving the inclusion of the Mineral Resource estimates in the report dated 30 August 2023 - Mineral Resource Updates Completed for Gold Deposits In The Molech Area in the form and context in which they appear. The Company confirms that it is not aware of any new information or data that materially affects the Mineral Resource estimates as reported on the 30 August 2023, and the assumptions and technical parameters underpinning the Mineral Resource estimates reported in the 30 August 2023 report continue to apply and have not materially changed. Mr Neale Edwards BSc (Hons), a Fellow of the Australian Institute of Geoscientists, who is a Director of Tanami Gold NL and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2012 Edition of the Australasian Code of Reporting for Exploration Results, Mineral Resources and Ore Reserves confirms that the form and context in which the Mineral Resource estimates dated 30 June 2023 are presented in this report have not been materially modified and are consistent with the 30 August 2023 release.
TANAMI GOLD NL 
