Glossary Alteration: A change in mineral composition by hydrothermal solutions, often accompanied by a colour change. Anomaly: Value or feature higher, lower or different to that expected or to the average. Assay:  The chemical test of rock samples to determine their mineral content. Mill: A plant where ore is ground fine and undergoes physical or chemical treatment to extract the valuable metals. Mineralisation: The process that leads to the formation and concentration of elements and their chemical compounds within a mass or body of rock. Probable Reserve means ore reserve stated in terms of mineable tonnes/volume and grade where the corresponding identified mineral resource has been defined by drilling, sampling or excavation (including extensions beyond actual openings and drill holes), and where the geological factors that control the ore body are known with sufficient confidence that the mineral resource is categorised as ‘indicated’. Resource: An identified in-situ mineral occurrence from which valuable or useful minerals may be recovered. Measured Resource means a mineral resource intersected and tested by drill holes, underground openings or other sampling procedures at locations that are spaced closely enough to confirm continuity and where geoscientific data are reliably known. A measured mineral resource estimate will be based on a substantial amount of reliable data, interpretation and evaluation of which allows a clear determination to be made of shapes, sizes, densities and grades. Mining claim: That portion of public lands which a party has staked or marked out in accordance with mining laws to acquire the right to explore for and exploit the minerals under the surface. Also known as a "concession". Mtpa: Millions of tonnes per annum. Au: Chemical symbol for gold. Bench: Successive steps/horizontal increments mined as an open pit progresses deeper. Carbon-in-leach: A recovery process in which a slurry of gold ore, carbon granules and cyanide are mixed together. The cyanide dissolves the gold that is then absorbed onto the carbon. The carbon is subsequently separated from the slurry for gold recovery. Operator: A party appointed under a joint venture agreement or similar agreement to manage the exploration, development and production activities to be conducted there under. Carbon-in-pulp: Similar to carbon-in-leach process, but initially the slurry is subjected to cyanide leaching in separate tanks followed by carbon-in-pulp. Carbon-in-leach is a simultaneous process. Ore:  Rock, generally containing metallic or non- metallic minerals that can be mined and processed at a profit. Indicated Resource means a mineral resource sampled by drill holes, underground openings or other sampling procedures at locations too widely spaced to ensure continuity but close enough to give a reasonable indication of continuity and where geoscientific data are known with a reasonable level of reliability. An indicated resource estimate will be based on more data, and therefore will be more reliable, than an inferred resource estimate. Ounce: Troy ounce of fineness of 999.9 parts per 1,000 parts; equal to 31.103486 grams (abbreviation: oz) Ore body:  A mass of ore that can be economically mined. Carbonaceous: Containing Free Carbon. Concentrate: Product resulting from various metallurgical processes in which the valuable mineral content is higher than in the feed to the process due to the exclusion of non-valuable minerals. Overburden: Uneconomic material which overlies a bed of useful material. Oxide ore: Mineralised rock in which some of the original minerals have been oxidised. Contained ounces: Ounces in the ground without the reduction of ounces not recoverable by the applicable mining and metallurgical processes. Pyrite: Iron sulphide. Crushing and grinding:  The process by which ore is broken into small pieces to prepare it for further processing. Quartz: A common rock forming mineral, silica. Inferred Resource means a mineral resource inferred from geoscientific evidence, underground openings or other sampling procedures where the lack of data is such that continuity cannot be predicted with confidence and where geoscientific data may not be known with a reasonable level of reliability. Roasting: Treatment of an ore by heat and air to effect chemical change. Reclamation: The process by which lands disturbed as a result of mining activity are reclaimed back to a beneficial land use. Reclamation activity includes the removal of buildings, equipment, machinery and other physical remnants of mining, closure of tailings impoundments, leach pads and other mine features, and contouring, covering and revegetation of waste rock piles and other disturbed areas. Dilution: The effect of waste or low-grade ore being included unavoidably in the mined ore, lowering the grade. Dip:  The angle that a mineralised body makes with the horizontal. Dore: Unrefined gold and silver bullion bars usually consisting of approximately 90% precious metals which will be further refined to almost pure metal. Recovery rate: A term used in process metallurgy to indicate the proportion of valuable material obtained in the processing of an ore. It is generally stated as a percentage of the material recovered compared with the total material present. SAG mill: Semi-autogenous grinding mill where part of the ball charge is substituted with coarse crushed ore. Shear zone: A style of fault where a force has deformed (as opposed to fractured) one part of a geological structure relative to another part. Reef: Gold ore zone/vein. Fault: A fracture in a rock along which there has been an observable amount of displacement. Grade: The amount of valuable element in each tonne of ore, expressed as troy ounces per tonne for precious metals and as a percentage for other metals. Refining:  The final stage of metal production in which impurities are removed from the metal. Strike length: The longest horizontal dimension of an ore body or zone of mineralisation. Stripping ratio: The ratio of the volume of waste material removed to the volume of ore removed, used in connection with open pit mining. Stratified: Bedded, planar. Sulphides: Minerals containing sulphur in its non- oxidised form. Refractory Material:  Gold mineralised material in which the gold is not amenable to recovery by conventional cyanide methods without any pre- treatment. The refractory nature can be either silica or sulphide encapsulation of the gold or the presence of naturally occurring carbons which reduce gold recovery. Cut-off grade is the minimum metal grade at which an ore body can be economically mined. Mill head grade is the metal content of mined ore going into a mill for processing. Recovered grade is the actual metal content recovered from the ore after processing. Reserve grade is the estimated metal content of an ore body, based on reserve calculations. Reserves: That part of a measured or indicated resource which could be mined, inclusive of dilution, and from which valuable or useful minerals could be recovered economically under conditions realistically assumed at the time of reporting. Supergene: An enrichment of ore close to the earth’s surface, often at the water table. Trend: General direction which a structure follows. Ultramafics: Igneous rocks consisting essentially of ferromagnesian minerals to the virtual exclusion of quartz, feldspar and feldsparthoids. Vein: A tabular or sheet-like body of minerals that has formed in a joint or a fissure, or system of joints and fissures, in rocks. Volcanics: Extrusive and associated intrusive rocks resulting from volcanic activity. Proved Reserve means an ore reserve stated in terms of mineable tonnes/volume and grade in which the corresponding identified mineral resource has been defined in three dimensions by excavation or drilling (including minor extensions beyond actual openings and drill holes), and where the geological factors that limit the ore body are known with sufficient confidence that the mineral resources are categorised as ‘measured’. Greenstone: An altered basic to ultrabasic igneous rock, often in Precambrian terrains. g/t: Grams per tonne, same as parts per million (ppm). Infill drilling: Drilling within a group of previously drilled holes to provide a closer spaced pattern to define more accurately the parameters of the ore body. Leaching:  The dissolving of elements and minerals out of ore. Lithology: Description of rocks according to general characteristics of colour, composition and grain size. Mafic: General term to describe ferromagnesian minerals. 77 RESOLUTE MINING LIMITED 2004 ANNUAL REPORT