Honey Badger Oracle(TM) – A Five Star Gold Mine Rating System

Our proprietary Honey Badger Oracle(TM) system continuously monitors the status of the gold resource and the mining activities of the concession.

The term ‘gold resource’ covers mineralisation, including dumps and tailings, which have been identified and estimated through exploration and sampling. These are where gold ore reserves may be defined.

Traditional methods of resource estimation are also applied, such as trenching, underground sampling, drill core analysis, and an AI driven analysis of locality and surrounding geology and reserves and existing and historical production rates.

Whilst aligning with existing methods of resource rating, such as JORC (Australia), NI 43-101 (Canada), SAMREC (South Aftrica), GKZ (Russia), PERC (Europe) and MRRE (China), we go further by maintaining real time concession monitoring. The result is a score out of a total of 1,000 possible points, which we then conveniently convert into a star rating system, according to the criteria below.

Our rating is based on 1), the amount of gold in the concession and 2), the ease or cost of extraction, which is a combination of multiple factors associated with grade, depth, extraction and recovery potential.

One Star, 0 to 199 Points, 🌟

The resource is mainly inferred.

An inferred resource is where quantity and grade (or quality) are estimated on the basis of limited geological evidence and sampling.

Geological evidence is sufficient to imply but not verify geological and grade (or quality) continuity. It is based on exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes.

An inferred resource has a lower level of confidence than that applying to an indicated resource. It is reasonably expected that the majority of inferred resources could be upgraded to indicated resources with continued exploration.

Two Star, 200 to 399 Points, 🌟🌟

The resource is indicated.

An indicated resource is where quantity, grade (or quality), densities, shape and physical characteristics are estimated with sufficient confidence to support mine planning and evaluation of the economic viability of the deposit.

Geological evidence is derived from adequately detailed and reliable exploration, sampling and testing gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes, and is sufficient to assume geological and grade (or quality) continuity between points of observation where data and samples are gathered.

Three Star, 400 to 599 Points, 🌟🌟🌟

The resource is probable, being measured to some extent.

A probable, measured resource is where quantity, grade (or quality), densities, shape, and physical characteristics are estimated with confidence sufficient to support detailed mine planning and final evaluation of the economic viability of the deposit.

Geological evidence is derived from detailed and reliable exploration, sampling and testing gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes, and is sufficient to confirm geological and grade (or quality) continuity between points of observation where data and samples are gathered.

Four Star, 600 to 799 Points, 🌟🌟🌟🌟

More extensive measurement increased probably resource.

The probable reserve is the economically mineable part of an indicated resource. The confidence is still less than a proven reserve.

Five Star, 800 to 1000 Points, 🌟🌟🌟🌟🌟

Proven gold reserve, giving the lowest risk to a secure production of the planned mining period.

A proved reserve is the economically mineable part of a measured resource. A proved reserve implies a high degree of confidence in gold production at the planed rates.