MINERAL RESOURCES AND ORE RESERVES

Estimation Governance Statement
Dragon Mining has ensured that the Mineral Resources and Ore Reserves estimated are subject to good governance arrangements and internal controls. The Mineral Resources and Ore Reserves estimates have been compiled by independent mining consultants RPMGlobal in Western Australia  an organisation whose personnel have exposure to best practices in modelling and estimation methods. RPMGlobal has also undertaken reviews of the quality and suitability of the underlying information, which included a site visit of the Company’s mining projects in 2015, 2016 and 2017. In addition, Dragon Mining’s management regularly carries out reviews and audits of internal processes and of external contractors that are utilised by the Company.

Dragon Mining reports Mineral Resources and Ore Reserves at least annually in compliance with the requirements of the reporting guidelines as set-out in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the “JORC Code”).  If there are any material changes to its Mineral Resources or Ore Reserves during the course of the year the Company is required to, and promptly reports these changes.

The estimates for Mineral Resources and Ore Reserves as at 31 Deember 2018 were disclosed to the HKEx on:
12 april 2019 - Mineral Resources and Ore Reserves Updated

Mineral Resources

Statement of Mineral Resourses, as at 1 December 2018 (Inclusive of Ore Reservs)

Ore Reserves

Statement of Ore Reserves, as at 31 December 2018

Competent Persons Statements

The information in this report that relates to Mineral Resources for the Jokisivu Gold Mine and Orivesi Gold Mine dated 31December 2018 were previously released to the HKEx on the 12 April 2019 – Group Mineral Resources and Ore Reserves Updated. This release can be found at www.hkex.com.hk (Stock Code: 1712).  It represents information compiled or supervised by Mr. David Allmark who is a full-time employee of RPM Advisory Services Pty Ltd and a Registered Member of the Australasian Institute of Mining and Metallurgy.  Mr. Allmark has sufficient experience that is relevant to the styles of mineralisation and types of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the JORC Code 2012 Edition. Written consent was previously provided by Mr. Allmark for the ** March 2019 release. 

The Company confirms that it is not aware of any new information or data that materially affects the Mineral Resources as reported on the 12 April 2019, and the assumptions and technical parameters underpinning the estimates in the 12 April 2019 release continue to apply and have not materially changed. 

Mr. Neale Edwards BSc (Hons), a Fellow of the Australian Institute of Geoscientists, who is a full time employee of Dragon Mining 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 Resources dated 31 December 2018 presented in this report have not been materially modified and are consistent with the 12 April 2019 release.  Mr. Edwards has provided written consent approving the use of previously reported Mineral Resources in this report in the form and context in which they appear.

The information in this report that relates to Mineral Resources dated 30 September 2017 for the Kaapelinkulma Gold Mine were previously released to the ASX on the 11 January 2018 – Mineral Resources Updated for the Nordic Production Centres and the HKEx on the 18 October 2018 – Public Offer.  These documents can be found at www.asx.com.au (Code: DRA) and www.hkex.com.hk (Stock Code: 1712), respectively.  They fairly represent information and supporting documentation that was compiled or supervised by Mr. Jeremy Clark who is a full-time employee of RPM Global Asia Limited and a Registered Member of the Australasian Institute of Mining and Metallurgy.  Mr. Clark has sufficient experience that is relevant to the styles of mineralisation and types of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the JORC Code 2012 Edition. Written consent was previously provided by Mr. Clark for the 11 January 2018 and 18 October 2018 releases. 

The Company confirms that it is not aware of any new information or data that materially affects the Mineral Resources as reported on the 11 January 2018 and 18 October 2018, and the assumptions and technical parameters underpinning the estimates in the 11 January 2018 and 18 October 2018 releases continue to apply and have not materially changed. 

Mr. Neale Edwards BSc (Hons), a Fellow of the Australian Institute of Geoscientists, who is a full time employee of Dragon Mining 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 Resources dated 30 September 2017 presented in this report have not been materially modified and are consistent with the 11 January 2018 and 18 October 2018 releases.  Mr. Edwards has provided written consent approving the use of previously reported Mineral Resources in this report in the form and context in which they appear.

The information in this report that relates to Mineral Resources dated 31 December 2016 for the Fäboliden Gold Project and Svartliden Gold Mine were previously released to the ASX on the 28 February 2017 – Mineral Resources Updated for Dragon Mining’s Nordic Projects and the HKEx on the 18 October 2018 – Public Offer.  These documents can be found at www.asx.com.au (Code: DRA) and www.hkex.com.hk (Stock Code: 1712), respectively.  They fairly represent information and supporting documentation that was compiled or supervised by Mr. Jeremy Clark who is a full-time employee of RPM Global Asia Limited and a Registered Member of the Australasian Institute of Mining and Metallurgy.  Mr. Clark has sufficient experience that is relevant to the styles of mineralisation and types of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the JORC Code 2012 Edition. Written consent was previously provided by Mr. Clark for the 28 February 2017 and 18 October 2018 releases.

The Company confirms that it is not aware of any new information or data that materially affects the Mineral Resources as reported on the 28 February 2017 and 18 October 2018, and the assumptions and technical parameters underpinning the estimates in the 28 February 2017 and 18 October 2018 releases continue to apply and have not materially changed. 

Mr. Neale Edwards BSc (Hons), a Fellow of the Australian Institute of Geoscientists, who is a full time employee of Dragon Mining 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 Resources dated 31 December 2016 presented in this report have not been materially modified and are consistent with the 28 February 2017 and 18 October 2018 releases.  Mr. Edwards has provided written consent approving the use of previously reported Mineral Resources in this report in the form and context in which they appear.

The information in this report that relates to Ore Reserves for the Jokisivu Gold Mine was previously released to the HKEx on the 12 April 2019 - Group Mineral Resources and Ore Reserves Updated. This release can be found at www.hkex.com.hk (Stock Code: 1712). It represents information compiled by Mr Joe McDiarmid, who is a Chartered Professional Member of the Australasian Institute of Mining and Metallurgy and is an employee of RPM Advisory Services Pty Ltd.  Mr. McDiarmid 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.  Written consent was previously provided by Mr. McDiarmid for the 12 April 2019 release.

The Company confirms that it is not aware of any new information or data that materially affects the Ore Reserves as reported on the 12 April 2019, and the assumptions and technical parameters underpinning the estimates in the 12 April 2019 release continue to apply and have not materially changed.

Mr. Neale Edwards BSc (Hons), a Fellow of the Australian Institute of Geoscientists, who is a full time employee of Dragon Mining 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 Ore Reserves dated 31 December 2018 for the Jokisivu Gold Mine presented in this report have not been materially modified and are consistent with the 12 April 2019 release.  Mr. Edwards has provided written consent approving the use of previously reported Ore Reserves in this report in the form and context in which they appear.

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