REPORT ON DEPOSIT

MODELING AND RESERVE

ESTIMATION
Dhanora Limestone Mine
December 19

This documentation is confidential and may not be disclosed to third parties without the prior written permission of Wonder Cement Limited.

WONDER CEMENT LIMITED

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 REPORT ON DEPOSIT MODELING AND RESERVE ESTIMATION

Table of Contents
LIST OF TABLES........................................................................................................ 2
LIST OF FIGURES ...................................................................................................... 3
1. INTRODUCTION ........................................................................................... 4
2. LOCATION AND GEOLOGY ........................................................................... 6
2.1 LOCATION & CLIMATE ............................................................................... 6
2.2 REGIONAL GEOLOGY ................................................................................. 7
2.3 LOCAL GEOLOGY ....................................................................................... 8
2.4 EXPLORATION ........................................................................................... 9
3. RESOURCE MODELLING ............................................................................... 11
3.1 THE DATABASE ........................................................................................ 11
3.2 MINERALISATION .................................................................................... 13
3.3 STATISTICAL ANALYSIS ............................................................................ 15
3.3.1 HISTOGRAMS ....................................................................................... 16
3.3.2 CORRELATIONS .................................................................................... 17
3.3.3 EXPERIMENTAL VARIOGRAM ............................................................... 21
3.4 BLOCK MODELLING ................................................................................. 22
3.5 GRADE ESTIMATIONS .............................................................................. 24
4. RESERVES..................................................................................................... 26
5. ANNEXURES ................................................................................................. 32
SURFACE PLANS ........................................................................................... 32
GEOLOGICAL SECTIONS ................................................................................ 35
SLICE PLANS .................................................................................................. 77

This documentation is confidential and may not be disclosed to third parties without the prior written permission of
Wonder Cement Limited.

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LIST OF TABLES
Table 1 Regional Geology ................................................................................... 7

Table 2 DATABASE SUMMARY ......................................................................... 12

Table 3 DATABASE EXTENTS............................................................................. 12

Table 4 Solid Modelling Object Report ............................................................. 14

Table 5 Global statistics of all samples ............................................................. 15

Table 6 Global statistics of samples within orebody ........................................ 15

Table 7 Correlation matrix ............................................................................... 17

Table 8 Block Model Summary ......................................................................... 22

Table 9 Top Soil within the Ultimate pit ........................................................... 26

Table 10 Global Geological Resource @ cut-off of 38%.................................... 26

Table 11 Global Geological Resource @ cut-off of 41%.................................... 27

Table 12 Geological Resource by category (CaO) ............................................. 27

Table 13 Geological Resource by category (SiO2) ............................................ 27

Table 14 Bench Wise Geological Resource and Waste ..................................... 31

Table 15 Geological Resource with Grades ...................................................... 31

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LIST OF FIGURES
Figure 1 Location of Dhanora Limestone Mine .................................................. 6
Figure 2Borehole Location Plan ....................................................................... 10
Figure 3 Borehole with Mineralised Section Lines ............................................ 13
Figure 4 Borehole with Mineralised Section View ............................................ 13
Figure 5 Borehole with Ore Body ..................................................................... 14
Figure 6 Histogram for CaO (RAW) ................................................................... 16
Figure 7 Histogram for SiO2 (RAW) .................................................................. 16
Figure 8 Histogram for Fe2O3 (RAW) ............................................................... 16
Figure 9 Histogram for Al2O3 (RAW)................................................................ 17
Figure 10 Histogram for MgO (RAW) ............................................................... 17
Figure 11 Scatter plot CaO V/S SiO2 ................................................................. 18
Figure 12 Scatter plot CaO V/S Al2O3 .............................................................. 18
Figure 13 Scatter plot CaO V/S Fe2O3 .............................................................. 19
Figure 14 Scatter plot CaO V/S MgO ................................................................ 19
Figure 15 Scatter plot SiO2 V/S Al2O3.............................................................. 20
Figure 16 Scatter plot SiO2 V/S Fe2O3 ............................................................. 20
Figure 17 Scatter plot Al2O3 V/S Fe2O3 .......................................................... 21
Figure 18 Experimental Variogram................................................................... 21
Figure 19 Geological Section @ 2730700n ....................................................... 23
Figure 20 Horizontal view of the Block Model at 430 mRL with attributes ....... 23
Figure 21 Inverse Distance Parameters ............................................................ 24
Figure 22 Slice Plan .......................................................................................... 25
Figure 23 Slice of the blocks with attributes .................................................... 25

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1. INTRODUCTION

Wonder Cement is a cutting-edge cement manufacturing company with an ambition to establish itself
as a leading player in the industry. Enriched with the heritage of R.K. Marble, a leading name in the
marble industry, our corporate culture is built on the values of quality, trust and transparency. An
emphasis on technological superiority enables us to differentiate our offering through impeccable
quality and effective communication. With an extensive network of dealers & retailers, we own a
position in the premium segment of the market.

The cement plant, located in Nimbahera, District Chittorgarh, in Rajasthan, started with Line 1 in March
2012 with a production capacity of 3.25 Million Tons per year.

The commencement of Line 2 in September 2015 increased the production capacity to 6.75 Million
Tons per year. With the launch of our first grinding unit in Maharashtra adding a capacity of 2 million
tonnes annually, our capacity increased to 8.75 Million Tons per year in August 2018. With the launch
of Line 3 in Nimbahera, District Chittorgarh, in Rajasthan on July 2019, and the upcoming grinding unit
in Madhya Pradesh the total capacity is expected to scale upto 11 Million Tons per year by the end of
the year.

Wonder Cement Ltd procure the GEOVIA Surpac and MineSched software for mine planning, scheduling
and process improvements, it will reap direct and indirect cost savings, and become more productive,
predictable and profitable. By combining geospatial and digital terrain data, we can accelerate the
development of economically optimal mine plans using mine plan optioneering to maximize mining
operations.

Dassault Systèmes GEOVIA is a set of geologic modelling and mining engineering software applications
developed by the French engineering software company Dassault Systèmes. Formerly known as
Gemcom, the company was founded in 1985.

GEOVIA Surpac™ is the most popular geology and mine planning software, supporting open pit and
underground operations and exploration projects in more than 120 countries. The software delivers
efficiency and accuracy through ease-of-use, powerful 3D graphics and workflow automation that can
be aligned to company-specific processes and data flows.

Surpac addresses all the requirements of geologists, surveyors, and mining engineers in the resource
sector and is flexible enough to be suitable for every commodity, orebody and mining method. Its
multilingual capabilities allow global companies to support a common solution across their operations.

This report has been generated on completion of the work of Resource Modelling and Reserve
Estimations including data compilation, geological modelling, drillhole verifications and reserves
estimation.

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The extent of limestone deposit has been considered up to the lease boundary. The limestone body
has been delineated considering a cut-off-grade of CaO>34%. Although thorough validation has been
carried out on the all samples to remove any abnormal values and duplicates.

The raw data is in the form of spread sheets, surface contours and other information regarding lease
area and mineralized zone in the form of CAD file. The raw data were validated and converted into the
database. Statistical and geostatistical analysis was carried out on the data. Variograms were drawn at
every 15 degrees to find out the continuity in various directions. Down the hole variograms were also
drawn for all four radicals to know the grade continuity in depth. Variogram model fitting was carried
out to work out the variographic parameters. Cross validation has been undertaken to verify the
robustness of the modelled variograms.

The grade estimation was carried out using Inverse Distance method. Samples were selected within
interpreted orebody wireframe for block grade estimation. The resultant block models were validated
through visual checks and sectional validation slices of the model and the drill hole statistics. Model has
been validated to a reasonable level of confidence.

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2. LOCATION AND GEOLOGY

2.1 LOCATION & CLIMATE

The lease area lies between the Latitudes 240 42’ 17.35955’’ N & 240 40’ 33.53524’’ N and Longitudes
740 35’ 34.48567’’ E & 740 36’ 22.05517’’ E. The lease area forms a part of the Survey of India Toposheet
No. 45 L/10.

The granted mining lease (255.0032 ha.) is flat with gentle slopes. The maximum and minimum
elevation in the area is 446 mRL to 434 mRL respectively. A nalla runs through the area, entering the
area near pillar “E” and leaving the area between pillar “W-X”. Direction of flow is in N, NE. From this
nalla area gently rises to 442 mRL towards southern side and to 446 mRL on northern side. General
slope of the area is towards eastern side.

The limestone band is almost devoid of vegetation, but weathered limestone and shale produce grey
clayey soil, which is very fertile, and farmers grow cash crops. Main trees are Babool, Mahua, Neem,
Peepal etc. beside shrubs and bushes.

Climate of the area is generally dry except during the SW monsoon season. Dry summer months extends
from March to June and sometimes up to middle of July. Monsoon season lasts for about two months
from mid-July to September or less. Post monsoon season extends up to November and thereafter
winter / cold season continues up to February.

Figure 1 Location of Dhanora Limestone Mine

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2.2 REGIONAL GEOLOGY

Heron (1917-36) laid the foundation of geology of eastern Vindhayan basin in Rajasthan. Later, it was
revised by Balmiki Prasad (1984). Based on this the generalised stratigraphy succession of the region is
given in table below:

Era Supergroup Group Formation Litho units

Khorip Nimbahera Limestone

limestone
Proterozoic Lower Bari shale Shale
Vindhayan Lasrawan Binota shale Shale
Sand Palri shale Shale
Satola Bhagwanpura Dolomite
limestone Limestone
Bhilwara Hindoli Bhadesar Quartzite

Table 1 Regional Geology

Litho units

Bhadesar Quartzite

Quartzite is exposed in the western most part of Regional Mineral Survey (RMS) covered area forming
high rising hill trending north south. It is fine to medium grained, off white color and ferruginous at
places.

Bhagwanpura Limestone

Quartzite in east is followed by Bhagwanpura Limestone. It occurs in low lying area where exposures
are sporadic and mostly the limestone is found concealed under alluvium. It is fine to medium grained
and greyish in colour. Wherever exposed it is highly fractured. As per memoir of Valmiki Prasad the
limestone is siliceous and dolomitic in nature.

Palri shale

Greyish and purplish coloured Palri shale is exposed around village Palri which is extending in North up
to village Dhani and further North.

Binota Shale

The Palri shales are overlain by Binota shale and can be seen in well sections and in nala cuttings. These
have been converted into soil after weathering. These shales lie in contact with Bari shales in eastern
side. General trend of the shale varies from N-S to NE-SW with low eastern dips. This shale is typically
olive green and being stained by brown, pink and purple colour locally and mottled with dark purple at
places.

Bari shale

Bari shale is also known as Nimbahera shale and conformably overlies Binota shales. Generally, it is
trending in N- S direction with low eastern dips. Repetition of shale beds is seen in the area due to
folding. This shale is thinly bedded with thin laminations and showing colour bandings at places. It is

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typically purple or greenish purple coloured, sometimes also light brown and pale yellow in colour. It is
arenaceous in the lower part and calcareous towards the top. Shale cannot be used as decorative stone.

Nimbahera Limestone

It is named from the town of Nimbahera in Chittorgarh district. It conformably overlies the Bari shale
and has gradational contact at places. It is repeated with the Bari shale due to folding. This is exposed
intermittently for about 3.5 km length in N-S direction with 50 to 200 easterly dips.

It is fined grained, massive, hard compact, regularly jointed, slabby and occurs as thin to thick beds
varying in thickness from 10 cm to over a meter. The limestone is pale, light to dark grey, greenish grey,
pinkish and reddish brown in colour with grey green and red shale partings. It breaks with smooth
surface. The lower brownish limestone generally grades into Bari shale through calcareous shale. The
limestone is suitable for cement manufacturing purpose.

2.3 LOCAL GEOLOGY

Geologically the area comprises Nimbahera limestone belonging to Khorip Group of Vindhayan super
Group. The limestone is trending N-S with 50 to 200 easterly dips. In Dhanora mine area limestone
deposit is bedded form, fine, grained, light grey in colour with thin shale parting along which it can be
splitted. The thickness of beds varies from few inches to feet. The limestone outcrop and the men
feature like boundary walls of agriculture fields, road etc, have been marked.

Description of the rock’s units within the proposed area to be granted:

The sequence of formation exposed in the area is as follows and based on surface exposures and bore
hole logs.

➢ Greenish Grey Limestone with shale partings

➢ Grey limestone
➢ Light Grey Limestone
➢ Dark Grey Limestone
➢ Pink Limestone

Greenish Grey Limestone: The limestone is greenish grey in colour, fine grained and has lot of shale
partings. This band can be used for cement manufacturing by blending with high grade limestone.

Grey Limestone: Above the Light Grey Limestone occurs this massive member and is excellent
limestone for cement manufacture. There are local variations in shades, which at places become darker.
The limestone is fine grained, hard, compact and thick bedded and shows thin shale partings.

Light Grey Limestone: This is the most consistent cement grade limestone band which vary in grades
due to presence of shaly partings and is intruded by pink limestone which enrich the quality of
limestone.

Dark Grey Limestone: This contains irregular and thin and thick lamina of shale generally parallel to
bedding. The shale partings contribute to impurity. These shale partings cannot be removed separately,
and these will be removed along with limestone and will be sent to cement plant.

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Pink / Reddish Limestone: Pink red limestone occurs as an irregular band within the light grey limestone
useful for cement manufacturing. Pink / purple limestone is not a regular band occurs as discontinuous
lenses with in the light grey limestone bands.

Upper part of the deposit has been subjected to intense weathering effect. This has given rise to
unevenly occurring clay pockets all over the deposit. These clay pockets are rich in silica and very poor
in lime.

Structure: The limestone is trending N-S with low of 50 to 200 dips towards eastern side

2.4 EXPLORATION

An area of 50 sq km was covered under regional mineral survey around village Karunda, Dhanora, Malya
Kheri, Palri and Payri of Nimbahera Tehsil, Dist Chittorgarh. It is bounded by latitude 24 040’00’’ to
24045’00’’ and longitude 74033’30’’ to 74036’38’’. Geologically the area comprises Bhander Quartzite
of Hidoli Group Bhagawanpura limestone of Satola Group, Palri shales and grit of Sand Group, Binota
shales of Lasrawn Group, Nimbahera Limestone and Nimbahera Shales belonging to Khorip Group of
Vindhyan Super Group. North- South trending quartzite is exposed in south west of the Sand village
followed in east by almost north- south trending Bhagwanpura limestone which is mostly concealed
except small outcrops at places. It is overlain by grit and pale white and yellow coloured Palri shales.
Binota shales is olive green in colour and Nimbahera shales is purple in colour limestone is bedded, fine
grained, light grey to grey in colour within shale partings along which it can be splitted. The thickness
of beds varies from few inches to feet.

A limestone band is intermittently exposed from north of Phalwa to SE of Payri for about 3 km strike
length having 150 m to 750m width and trending north-south with 50 to 200 easterly dips. The area
around village Payri comprises Binota Shales.

Area of 5 sq. km was regionally mapped from north of Phalwa to SE of Payri. The area mapped comprises
Nimbahera limestone trending north- south with 50 to 200 easterly dips. The limestone is forming
contact with Nimbahera shales. The contact is concealed. Limestone is also partly exposed and partly it
is concealed. At two places within the limestone area i.e. in east part of Dhanora and in northwest of
Karunda, quarry boundaries are operating for splittable limestone.

An area of 1.60 sq km has been mapped in detail on 1:4000 scale in the north of village Phalwa to north
west of village Karunda and further north in south east of Payri. Geologically the area comprises
Nimbahera limestone belonging to Khorip Group of Vindhayan super Group.

In Dhanora mine area limestone deposit is bedded form, fine, grained, light grey in colour with thin
shale parting along which it can be splitted. The thickness of beds varies from few inches to feet. The
limestone outcrop and the men feature like boundary walls of agriculture fields, road etc, have been
marked.

Out of these 16 bore holes drilled by DMG, 12 holes namely DBH2, 3, 4, 5, 6, 7, 8, 11,12, 13, 16 & 17
falls in lease i.e. in 255.0032 ha. area. These holes are marked on Surface Geological Plan / sections.
Out of total 12 boreholes within the lease, seven i.e. DBH 2, 3, 4, 7, 8, 12 & 17 analysed average 45 to
46.97 % CaO, 10.89 to 12.95 % SiO2 and less than 1% MgO up to depth of 50m. One borehole DBH 5
analysed 14.53% SiO2 & 44.37% CaO with less than 1% MgO. Two boreholes 6 & 16 analysed average
SiO2 between 16.87 & 17.52 % and CaO between 42.34 to 42.61% with less than 1% MgO up to a depth

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of 50m. While one borehole DBH-11 analysed 19.84% SiO2 and 40.23% CaO up to 10 m only. In DBH –
13 siliceous limestone was intersected.

73 Nos Drill Hole completed with vertical direction in Dhanora Limestone Mine.

Figure 2 Borehole Location Plan

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3. RESOURCE MODELLING

3.1 THE DATABASE

SURPAC uses a relational database model and supports several different types including oracle, paradox
and Microsoft access. A database can contain up to 50 tables and each table can have a max of 60 fields.
A table is created to group like data to store info taken over an interval down the hole or at a point
down the hole.

Three tables are mandatory to the database structure and maintain the data integrity

• Collar table

• Survey table

• Translation table

COLLAR TABLE

This describes the location of the drill hole collar, the maximum depth of the hole and whether a linear
or curved hole trace is to be calculated when retrieving the hole. The field hole_path relates to the
algorithm that is used when drill holes are extracted.

SURVEY TABLE

Drill hole survey information used to calculate the drill hole coordinates. Mandatory fields include,
downhole depth at which the survey was taken, the dip and the azimuth of the hole. y, x and z fields
are used to store the calculated coordinates of each survey.

TRANSLATION TABLE

This table is used for storing character codes. These codes may have a numerical equivalent value if
they are to be applied to a numeric field or may be used to validate input into a character field. The
translation table is used to assist in the translation from some real type representation for data to some
user defined character equivalent.

OPTIONAL TABLES

Geology and Sample tables are defined within the optional tables as an interval table type. The
information is taken over a specified interval down the hole or at a precise point. The interval tables
require the depth at the start of the interval and the depth at the end of the interval, called the
depth_from and depth_to fields respectively.

The samp_id field is a special mandatory field in an interval type table as it may or may not be a key
field. If it is not a key field, then you do not have to store sample numbers. You may choose, however,
when you create a database to make this field a key field. It can be used later for loading data that is
identified only by the sample_id field and the sample value(s) to be loaded.

For our project we have collar & survey data as mandatory, for optional table we have Assay & Litho
file. The spreadsheets have been validated via a secondary manual check that identified and rectified
any initial mistakes. Absent data has been left as blank cells in the input database. During this process
of verification of the input data, a second check for errors such as overlaps, gaps, missing records and

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abnormal values is undertaken. All the errors were removed from the final holes file. Database summary
is as below:

Table Name Data Type Table Type Records

assay interval time-independent 4286
collar 85
geology interval time-independent 425
styles 15
Table 2 DATABASE SUMMARY

Drill hole collar coordinates were plotted in SURPAC and validated by plotting in plan and
section to ensure coordinates have been accurately entered.

The assay values have also been examined for any erroneous high or low values that may
require verification. Any unusual outliers are identified and the same were cross checked with
project personnel and corrected wherever necessary. A report on Database extents produce a
summary of the minimum and maximum north, east, elevation and depth for all the holes in
the collar table of your database plus the number of holes and total length drilled are as below:

Number of drillholes :85 Total length drilled :4496.60

Hole Id Northing Easting Elevation Depth
MIN. NORTHING DCB-59 2729268 459638.6 441 25
MAX. NORTHING DCB-26 2732292 459425.6 442 25
MIN. EASTING DCB-66 2730264 458862.6 439 25
MAX. EASTING DCB-48 2730673 460080.6 435 25
MIN. ELEVATION DCB-32 2731866 459010.6 429 25
MAX. ELEVATION DCB-20 2732100 459019.6 445 25
Table 3 DATABASE EXTENTS

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3.2 MINERALISATION
The limestone is trending N-S with low of 50 to 200 dips towards eastern side. The drilling follows almost
regular pattern of 200 X 200 m. The average distance between drillholes is between 150 to 200m.

Transverse sections are created within SURPAC using a series of sectional strings oriented at about 90
degrees azimuth. The sectional interpretation is confined to the mineralized zone only. The ore body
has been delineated using a cut-off-grade of 34% CaO. The shale partings, sludge and soil at the top
have been separately delineated in order to exclude from the main mineralisation of limestone. The
figure below shows the locations of the drillholes based on which the orebody has been generated.

Figure 3 Borehole with Mineralised Section Lines

Figure 4 Borehole with Mineralised Section View

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Figure 5 Borehole with Ore Body

The orebody sectional interpretation strings have been linked to create a wireframe of the orebody.
For optimal linking between strings, tag strings have been used to achieve the required shape and avoid
crossovers. The wireframes have been closed and the orebody wireframe has been verified within
SURPAC to check overlapping, duplicate or open edges.

SOLID MODELLING OBJECT REPORT

Layer Name: orebody_lst_lease1.dtm
Object 1
Trisolation 1
Validated TRUE
Status solid
X Min 458849.983
X Max 459688.068
Y Min 2729350
Y Max 2732325.856
Z Min 300
Z Max 445.918
Surface Area 3822458.65
Volume 120440754.2
Table 4 Solid Modelling Object Report

Total Mineralized zone within the lease area is 143.81 Ha. A density of 2.5 has been considered for
limestone and a density of 1.8 for soil.

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3.3 STATISTICAL ANALYSIS

Statistics analysis of the data has been used to provide a better understanding of the deposit and
provide distribution characteristic of the mineralization. The main objective of carrying out statistical
analysis is to get the following information:
- The distribution of the data
- Single or multiple populations,
- Expected ranges of values, detect extreme, possibly erroneous values,
- Interdependence of various radicals, and
- To get early analysis of a deposit and to verify and interpret the sample values available.
Statistical analysis has been carried out considering all the samples within the mineralized body above
a cut-off grade of 34% CaO to know the global characteristic. The analysis has also been carried out for
samples within limestone body above cut off @ 41% CaO. The statistical parameters have been
calculated for all the radicals. Normal Statistics can calculate basic statistics of the data which are stored
in numeric fields in tables in the database. Statistics can be calculated for both untransformed data and
for log transformed data (logarithms taken to base e). The statistics are:
Parameter Sio2 Al2o3 Fe2o3 Cao Mgo
Normal Statistics
Number of samples 4265 4265 4265 4265 4265
Minimum 4.32 0.12 0.19 8.22 0
Maximum 63.09 18.74 11.49 52.08 3.21
Mean 24.338 4.638 2.061 36.916 0.992
Variance 173.971 19.761 4.219 114.663 0.231
Standard deviation 13.189 4.445 2.054 10.708 0.48
Skewness 1.041 1.412 1.571 -1.113 1.078
Curtosis 3.02 3.677 4.175 2.972 3.614
Coefficient of variation 0.541 0.958 0.996 0.29 0.483
Table 5 Global statistics of all samples

Parameter Sio2 Al2o3 Fe2o3 Cao Mgo

Normal Statistics
Number of samples 3317 3317 3317 3317 3317
Minimum 4.32 0.28 0.29 8.22 0
Maximum 63.09 11.26 11.49 52.08 2.19
Mean 18.19 2.47 1.07 41.72 0.78
Variance 40.87 1.84 0.46 29.35 0.06
Standard deviation 6.39 1.35 0.68 5.41 0.25
Skewness 0.86 1.63 6.03 -2.30 0.65
Curtosis 5.52 8.28 66.56 13.84 5.42
Coefficient of variation 0.35 0.54 0.63 0.13 0.32
Table 6 Global statistics of samples within orebody

From the table, the average grade of the deposit is 41.72% CaO, 18.19 % SiO2, 1.07 % Fe2O3 2.47 %
Al2O3 and 0.78% MgO within the orebody.

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3.3.1 HISTOGRAMS
Histograms have been constructed for all the radicals to know their distribution pattern which helps in
identifying presence of outliers and removing them for better estimations. It can be inferred from the
distribution of CaO, SiO2, Fe2O3, Al2O3 and MgO that these show near normal distributions with CaO
showing a negative skewness whereas other three show a positive skewness.

Figure 6 Histogram for CaO (RAW)

Figure 7 Histogram for SiO2 (RAW)

Figure 8 Histogram for Fe2O3 (RAW)

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Figure 9 Histogram for Al2O3 (RAW)

Figure 10 Histogram for MgO (RAW)

3.3.2 CORRELATIONS

In order to see the interdependence of one radical over another, correlation study has been carried
out. The correlation study shows that CaO values has negative correlations with all radicals which means
a tendency for large values of CaO to be associated with small values of other radicals and vice versa.

Correlation Coefficient
SiO2 Al2O3 Fe2O3 CaO MgO
SiO2 1 0.818 0.6676 -0.742 0.3411
Al2O3 0.818 1 0.6347 -0.6741 0.4339
Fe2O3 0.6676 0.6347 1 -0.5954 0.2268
CaO -0.742 -0.6741 -0.5954 1 -0.2557
MgO 0.3411 0.4339 0.2268 -0.2557 1
Table 7 Correlation matrix

From the correlation matrix, it can be inferred that although SiO2 has positive correlation with Fe2O3
and Al2O3 with a correlation coefficient of above 0.65, this may not be very significant. Scatter plots
have also been created to see the interdependence of these radicals on one another.

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Scatter plot

Figure 11 Scatter plot CaO V/S SiO2

Figure 12 Scatter plot CaO V/S Al2O3

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Figure 13 Scatter plot CaO V/S Fe2O3

Figure 14 Scatter plot CaO V/S MgO

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Figure 15 Scatter plot SiO2 V/S Al2O3

Figure 16 Scatter plot SiO2 V/S Fe2O3

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Figure 17 Scatter plot Al2O3 V/S Fe2O3

3.3.3 EXPERIMENTAL VARIOGRAM

Figure 18 Experimental Variogram

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3.4 BLOCK MODELLING

An appropriate block model has been generated to fill the orebody wireframe with cells to describe
tonnage as well as grade. The parent block size of 20x20x10 has been chosen. The blocks are orthogonal
and have not been rotated.

Block Model Summary

Block model: dhanora limestone [Link]
Dhanora Limestone Mine
Type Y X Z
Minimum Coordinates 2729127 458822.8 300
Maximum Coordinates 2732327 460182.8 450
User Block Size 20 20 10
Min. Block Size 5 5 2.5
Rotation 0 0 0
Total Blocks 619404
Storage Efficiency % 94.06
Attribute Name Type Decimals Background Description
al2o3 Real 2 -1 Aluminium oxide
cao Real 2 -1 Calcium oxide
fe2o3 Real 2 -1 Iron Oxide
mgo Real 2 -1 Magnesium oxide
pp Real 2 -1 Partial percentage
rcode Character - Rock Code
sg Float 2 -1 Specific Gravity
sio2 Real 2 -1 Silicon dioxide
Table 8 Block Model Summary

Records in the Block Model are related to blocks. These are cuboid partitions of the modelled
space and are created dynamically according to the operations performed on the Block Model.
Each block contains attributes for each of the properties to be modelled. The properties or
attributes may contain numeric or character string values. Every block is defined by its
geometric centroid and its dimensions in each axis.
All Block Model functions performed with constraints. A constraint is a logical combination of
one or more spatial objects on selected blocks. Objects that may be used in constraints are
plane surfaces, DTM’s, Solids, closed strings and block attribute values.
Block Model Verifications
A careful section by section comparison has been undertaken comparing the estimated blocks
to the original drillhole assay grades. This has been used to identify potential discrepancies
between grades of the estimated blocks and the original drill hole sample data.

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Figure 19 Geological Section @ 2730700n

Figure 20 Horizontal view of the Block Model at 430 mRL with attributes

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3.5 GRADE ESTIMATIONS

The assays radicals have been estimated into the geological block model inverse power of
distance. The Minimum number of samples 3 and maximum number of samples 15 has been
used for primary search volume and second expansion factor has been used for estimation.
The Inverse Distance method of filling a model, allows to interpolate block values based on
the values of the sample points closest to the block centroid. The weighting of the surrounding
samples is calculated based on the inverse of their distance to the block centroid raised to a
specified power.

Figure 21 Inverse Distance Parameters

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Figure 22 Slice Plan

Figure 23 Slice of the blocks with attributes

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4. RESERVES
Geological resource evaluation has been done on different criteria. The evaluation has been done on
orebody block model. As already mentioned, the modelling has been done separately for limestone
with a cut-off grade of 41% CaO and marginal zone between 34 to 41% CaO. The two models are
combined to create final ore model.

Top soil in the ultimate pit is in the form of patches and total 7 nos of patches are available and the
summary of the same is as under:

Object Trisolation Surface Area Volume Tonnage

6 2 286047 335350 536559
6 3 2334 2862 4579
6 4 156163 224026 358442
6 5 42077 52030 83248
6 6 233773 307886 492618
6 7 157641 254601 407361
6 8 20027 27579 44127
Totals - Object: 7
Surface area: 898063
Volume of Top Soil: 1204334
Nett Tonnage of Top Soil:1926935
Table 9 Top Soil within the Ultimate pit

The total resource within the orebody with average grade of all the radicals are as indicated in the
following table.

Block model report

Block Model: dhanora limestone [Link]
Constraints used
a. INSIDE CONSTRAINT 08. BLOCK MODEL_ISD/OREBODY
Keep blocks partially in the constraint: False
Attribute used for volume adjustment: pp
Cao Volume Tonnes Cao Sio2 Al2o3 Fe2o3 Mgo
0.0 -> 34.0 9085851 22714627 28.53 32.52 7.21 3.15 1.17
34.0 -> 38.0 10380061 25950153 36.24 24.55 4.07 1.63 0.89
38.0 -> + 99803139 249507847 43.24 16.65 2.13 0.92 0.77
Grand Total 119269051 298172627 41.51 18.55 2.68 1.15 0.81
Table 10 Global Geological Resource @ cut-off of 38%

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Block model report

Block Model: dhanora limestone [Link]
Constraints used
a. INSIDE CONSTRAINT 08. BLOCK MODEL_ISD/OREBODY
Attribute used for volume adjustment: pp
Cao Volume Tonnes Cao Sio2 Al2o3 Fe2o3 Mgo
0.0 -> 34.0 9085851 22714627 28.53 32.52 7.21 3.15 1.17
34.0 -> 41.0 31624809 79062021 38.75 22.5 3.25 1.3 0.83
41.0 -> + 78558392 196395979 44.12 15.34 1.93 0.86 0.76
Grand Total 119269051 298172627 41.51 18.55 2.68 1.15 0.81
Table 11 Global Geological Resource @ cut-off of 41%

Block model report

Block Model: dhanora limestone [Link]
Constraints used
a. INSIDE CONSTRAINT 08. BLOCK MODEL_ISD/OREBODY
Keep blocks partially in the constraint: False
Attribute used for volume adjustment: pp
Cao Volume Tonnes Cao Sio2 Al2o3 Fe2o3 Mgo
0.0 -> 34.0 9085851 22714627 28.53 32.52 7.21 3.15 1.17
34.0 -> 36.0 4122934 10307336 35.09 25.33 4.44 1.78 0.94
36.0 -> 38.0 6257127 15642817 37 24.04 3.82 1.53 0.86
38.0 -> 40.0 8446140 21115349 39 22.57 3.17 1.28 0.82
40.0 -> 42.0 31472512 78681281 41.12 20.04 2.54 1.02 0.79
42.0 -> 44.0 23162200 57905500 42.9 17.12 2.14 0.94 0.78
44.0 -> 46.0 16317879 40794697 44.96 13.7 1.66 0.82 0.78
46.0 -> 48.0 15393257 38483142 46.91 11.07 1.4 0.71 0.68
48.0 -> + 5011151 12527878 48.37 9.98 1.49 0.61 0.66
Grand Total 119269051 298172627 41.51 18.55 2.68 1.15 0.81
Table 12 Geological Resource by category (CaO)

Block model report

Block Model: dhanora limestone [Link]
Constraints used
a. INSIDE CONSTRAINT 08. BLOCK MODEL_ISD/OREBODY
Keep blocks partially in the constraint : False
Attribute used for volume adjustment : pp
Sio2 Volume Tonnes Cao Sio2 Al2o3 Fe2o3 Mgo
0.0 -> 8.0 6383 15957 38.57 7.67 1.26 0.49 0.55
8.0 -> 10.0 6192687 15481717 47.28 9.32 1.33 0.68 0.61
10.0 -> 12.0 13983758 34959395 46.44 11.03 1.42 0.71 0.73
12.0 -> 14.0 10929504 27323761 45.41 12.97 1.51 0.77 0.73
14.0 -> 16.0 11745249 29363121 43.98 15.1 1.86 0.88 0.78
16.0 -> 18.0 14417066 36042664 42.39 17.03 2.06 0.98 0.78
18.0 -> 20.0 17144325 42860811 41.75 18.97 2.46 0.99 0.79
20.0 -> + 44850080 112125200 37.21 24.75 4.05 1.63 0.9
Grand Total 119269051 298172627 41.51 18.55 2.68 1.15 0.81
Table 13 Geological Resource by category (SiO2)

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Resource have also been estimated by level and the same have been provided in the table below:

Block model report

Block Model: dhanora limestone [Link]
Constraints used
a. INSIDE CONSTRAINT 08. BLOCK MODEL_ISD/OREBODY
Keep blocks partially in the constraint: False
Attribute used for volume adjustment: pp
Z Cao Volume Tonnes Cao Sio2 Al2o3 Fe2o3 Mgo
300.0 -> 310.0 0.0 -> 34.0 19457 48642 33.62 29.03 5.43 2.16 0.95
34.0 -> 36.0 25827 64567 35.09 27.52 4.63 1.81 0.9
36.0 -> 38.0 59740 149349 37.05 25.77 3.81 1.41 0.84
38.0 -> 40.0 89286 223215 38.99 23.5 2.9 1.13 0.79
40.0 -> 42.0 486769 1216922 41.17 19.93 2.13 0.95 0.74
42.0 -> 44.0 101231 253078 42.51 16.88 1.42 0.93 0.76
Sub Total 782309 1955773 40.39 20.86 2.42 1.06 0.77
310.0 -> 320.0 0.0 -> 34.0 121396 303490 31.94 30.24 5.81 2.78 0.96
34.0 -> 36.0 130153 325381 35.06 27.43 4.52 1.84 0.89
36.0 -> 38.0 200209 500522 37.02 25.66 3.7 1.43 0.84
38.0 -> 40.0 224448 561121 38.97 23.52 2.83 1.15 0.79
40.0 -> 42.0 1173260 2933150 41.14 19.9 2.24 0.98 0.76
42.0 -> 44.0 522327 1305817 42.65 17.46 2.08 0.95 0.8
44.0 -> 46.0 14823 37058 44.77 14.22 1.95 0.8 0.92
Sub Total 2386616 5966540 40.14 21.09 2.69 1.17 0.8
320.0 -> 330.0 0.0 -> 34.0 204643 511608 31.32 30.64 5.99 3.06 0.97
34.0 -> 36.0 255300 638251 35.02 27.46 4.75 1.81 0.93
36.0 -> 38.0 302759 756897 37.02 25.47 3.68 1.51 0.86
38.0 -> 40.0 286694 716735 38.92 23.45 2.87 1.18 0.79
40.0 -> 42.0 1816948 4542370 41.13 19.89 2.31 1 0.76
42.0 -> 44.0 876430 2191074 42.69 17.43 2.13 0.96 0.81
44.0 -> 46.0 89926 224814 44.92 13.42 1.67 0.78 0.92
46.0 -> 48.0 2920 7299 46.47 11.8 1.29 0.73 0.67
Sub Total 3835619 9589048 40.16 20.95 2.76 1.2 0.81
330.0 -> 340.0 0.0 -> 34.0 317094 792734 30.44 31.58 6.49 3.16 1.02
34.0 -> 36.0 267219 668047 35.01 27.55 4.71 1.85 0.92
36.0 -> 38.0 434932 1087330 36.95 25.39 3.9 1.56 0.9
38.0 -> 40.0 381967 954918 38.88 23.49 3.04 1.19 0.8
40.0 -> 42.0 2245278 5613195 41.13 19.83 2.33 1.01 0.76
42.0 -> 44.0 1178583 2946458 42.74 17.36 2.14 0.96 0.8
44.0 -> 46.0 319359 798397 44.92 13.48 1.74 0.77 0.88
46.0 -> 48.0 88530 221325 46.85 10.64 1.25 0.61 0.77
Sub Total 5232962 13082404 40.35 20.57 2.79 1.21 0.82
340.0 -> 350.0 0.0 -> 34.0 433274 1083186 30.19 31.92 6.83 3.05 1.06
34.0 -> 36.0 232623 581556 35.02 27.53 4.72 1.85 0.92
36.0 -> 38.0 422991 1057478 37.06 25.5 3.94 1.48 0.88

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Z Cao Volume Tonnes Cao Sio2 Al2o3 Fe2o3 Mgo

38.0 -> 40.0 525499 1313746 38.94 23.23 3.05 1.2 0.84
40.0 -> 42.0 2595545 6488862 41.1 19.94 2.37 1.01 0.77
42.0 -> 44.0 1384621 3461553 42.81 17.19 2.12 0.96 0.79
44.0 -> 46.0 667501 1668752 44.94 13.7 1.81 0.77 0.84
46.0 -> 48.0 364002 910005 46.91 10.6 1.38 0.64 0.73
48.0 -> 50.0 6506 16266 48.6 9.62 1.68 0.65 0.7
Sub Total 6632562 16581404 40.81 19.88 2.74 1.16 0.82
350.0 -> 360.0 0.0 -> 34.0 352744 881860 29.58 32.93 7.34 3 1.11
34.0 -> 36.0 191339 478348 35.04 27.1 4.67 1.92 0.9
36.0 -> 38.0 428556 1071389 37.13 25.38 3.85 1.48 0.86
38.0 -> 40.0 656980 1642451 38.9 22.93 3 1.23 0.82
40.0 -> 42.0 2799101 6997754 41.06 20.08 2.45 1.02 0.78
42.0 -> 44.0 1574447 3936118 42.83 17.16 2.13 0.95 0.8
44.0 -> 46.0 906355 2265887 44.99 13.59 1.8 0.77 0.83
46.0 -> 48.0 821818 2054545 46.93 10.63 1.46 0.67 0.71
48.0 -> 50.0 104652 261631 48.38 9.57 1.59 0.64 0.67
Sub Total 7835993 19589983 41.53 18.89 2.59 1.09 0.81
360.0 -> 370.0 0.0 -> 34.0 424606 1061514 29.92 32.41 7.13 2.93 1.1
34.0 -> 36.0 206275 515688 35.02 27.02 4.81 1.89 0.94
36.0 -> 38.0 359189 897972 37.04 25.21 4.02 1.52 0.89
38.0 -> 40.0 819831 2049579 39.03 22.59 2.98 1.28 0.76
40.0 -> 42.0 2555628 6389069 41.12 20.05 2.48 1.02 0.78
42.0 -> 44.0 1866156 4665389 42.84 17.28 2.18 0.95 0.79
44.0 -> 46.0 1096478 2741195 45.01 13.49 1.74 0.77 0.83
46.0 -> 48.0 1120390 2800975 46.95 10.51 1.43 0.68 0.69
48.0 -> 50.0 399233 998083 48.41 9.85 1.54 0.62 0.65
Sub Total 8847785 22119464 41.99 18.18 2.53 1.07 0.8
370.0 -> 380.0 0.0 -> 34.0 416768 1041919 29.89 32.28 7.1 2.93 1.16
34.0 -> 36.0 244612 611529 35.02 26.6 4.76 1.93 0.97
36.0 -> 38.0 384699 961749 37.01 25.09 4.04 1.52 0.9
38.0 -> 40.0 967852 2419631 39.02 22.51 3.18 1.3 0.81
40.0 -> 42.0 2440852 6102129 41.16 20.01 2.52 1.02 0.78
42.0 -> 44.0 2037738 5094345 42.88 17.34 2.14 0.94 0.77
44.0 -> 46.0 1350017 3375042 45.03 13.38 1.66 0.78 0.81
46.0 -> 48.0 1335443 3338607 46.97 10.51 1.4 0.69 0.68
48.0 -> 50.0 631217 1578043 48.38 10.08 1.5 0.61 0.66
Sub Total 9809197 24522993 42.3 17.74 2.48 1.05 0.79
380.0 -> 390.0 0.0 -> 34.0 556842 1392106 29.11 33.36 7.63 3.15 1.26
34.0 -> 36.0 312932 782331 35.04 26.44 4.8 1.93 1.01
36.0 -> 38.0 407630 1019074 36.96 24.97 4.11 1.53 0.93
38.0 -> 40.0 862591 2156478 39 22.36 3.22 1.32 0.82
40.0 -> 42.0 2505719 6264297 41.15 20.11 2.58 1.01 0.8
42.0 -> 44.0 2031683 5079208 42.93 17.32 2.1 0.93 0.76

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Z Cao Volume Tonnes Cao Sio2 Al2o3 Fe2o3 Mgo

44.0 -> 46.0 1679745 4199363 45 13.4 1.62 0.8 0.78
46.0 -> 48.0 1647239 4118097 46.96 10.78 1.39 0.69 0.69
48.0 -> 50.0 693213 1733033 48.39 10.11 1.5 0.6 0.66
Sub Total 10697595 26743987 42.32 17.68 2.52 1.07 0.8
390.0 -> 400.0 0.0 -> 34.0 938124 2345310 28.85 33.72 7.77 3.21 1.27
34.0 -> 36.0 342211 855529 35.13 26.43 4.86 1.92 1.03
36.0 -> 38.0 436691 1091728 37.01 24.47 3.98 1.5 0.91
38.0 -> 40.0 782551 1956378 39.01 22.5 3.32 1.31 0.84
40.0 -> 42.0 2379501 5948752 41.14 20.09 2.63 1.01 0.82
42.0 -> 44.0 2106513 5266282 42.95 17.19 2.09 0.92 0.75
44.0 -> 46.0 1976567 4941417 44.98 13.6 1.61 0.81 0.77
46.0 -> 48.0 1896654 4741634 46.95 10.91 1.39 0.7 0.69
48.0 -> 50.0 743352 1858380 48.38 10.05 1.49 0.61 0.66
Sub Total 11602164 29005410 42.07 17.93 2.66 1.13 0.81
400.0 -> 410.0 0.0 -> 34.0 1190703 2976758 28.36 33.54 7.62 3.18 1.25
34.0 -> 36.0 415590 1038975 35.17 26.06 4.72 1.8 0.99
36.0 -> 38.0 567761 1419402 37.02 23.73 3.78 1.53 0.86
38.0 -> 40.0 700962 1752405 38.94 22.55 3.43 1.27 0.88
40.0 -> 42.0 2312903 5782258 41.13 20.06 2.68 1.01 0.83
42.0 -> 44.0 2290462 5726154 42.93 17.07 2.12 0.93 0.75
44.0 -> 46.0 2122361 5305904 44.99 13.72 1.64 0.82 0.76
46.0 -> 48.0 2123602 5309005 46.9 11.1 1.39 0.72 0.69
48.0 -> 50.0 776000 1940000 48.37 9.95 1.47 0.61 0.66
Sub Total 12500344 31250860 41.82 18.08 2.74 1.16 0.82
410.0 -> 420.0 0.0 -> 34.0 1161380 2903449 27.41 33.77 7.62 3.3 1.25
34.0 -> 36.0 450504 1126259 35.22 23.77 4.16 1.65 0.92
36.0 -> 38.0 846161 2115403 36.87 22.49 3.58 1.48 0.82
38.0 -> 40.0 766048 1915121 39.03 22.37 3.31 1.24 0.86
40.0 -> 42.0 2665098 6662744 41.14 20.02 2.73 1.02 0.83
42.0 -> 44.0 2210190 5525475 42.95 16.85 2.14 0.93 0.76
44.0 -> 46.0 2131660 5329150 44.93 13.84 1.63 0.84 0.75
46.0 -> 48.0 2211282 5528204 46.9 11.29 1.4 0.73 0.68
48.0 -> 50.0 704000 1760000 48.35 9.96 1.48 0.61 0.66
Sub Total 13146322 32865806 41.6 18.12 2.73 1.17 0.81
420.0 -> 430.0 0.0 -> 34.0 1418542 3546356 27.47 31.94 7.02 3.19 1.16
34.0 -> 36.0 603149 1507872 35.11 22.05 3.76 1.58 0.88
36.0 -> 38.0 730240 1825601 36.96 22.1 3.6 1.59 0.8
38.0 -> 40.0 806503 2016258 39.14 22.02 3.26 1.28 0.84
40.0 -> 42.0 2808585 7021461 41.11 20.1 2.74 1.04 0.82
42.0 -> 44.0 2422596 6056490 43.04 16.68 2.17 0.92 0.78
44.0 -> 46.0 2176347 5440868 44.89 14.01 1.65 0.87 0.75
46.0 -> 48.0 2086829 5217072 46.87 11.55 1.41 0.73 0.67
48.0 -> 50.0 580000 1450000 48.35 9.91 1.49 0.62 0.65

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Z Cao Volume Tonnes Cao Sio2 Al2o3 Fe2o3 Mgo

Sub Total 13632792 34081979 41.22 18.32 2.78 1.22 0.81
430.0 -> 440.0 0.0 -> 34.0 1424474 3561184 27.4 31.12 6.79 3.18 1.11
34.0 -> 36.0 426448 1066119 35.06 22.21 3.82 1.65 0.88
36.0 -> 38.0 640750 1601875 37.07 22.33 3.8 1.69 0.85
38.0 -> 40.0 534284 1335710 39.11 21.5 3.27 1.46 0.83
40.0 -> 42.0 2478644 6196610 41.05 20.23 2.74 1.05 0.82
42.0 -> 44.0 2403370 6008426 43.03 16.92 2.21 0.93 0.8
44.0 -> 46.0 1717563 4293907 44.9 14.03 1.67 0.88 0.73
46.0 -> 48.0 1581064 3952660 46.85 11.74 1.4 0.73 0.65
48.0 -> 50.0 366938 917344 48.31 9.88 1.5 0.62 0.63
Sub Total 11573534 28933835 40.85 18.72 2.87 1.28 0.81
440.0 -> 450.0 0.0 -> 34.0 105804 264510 29.2 31.56 7.06 2.96 1.19
34.0 -> 36.0 18753 46883 34.73 26.21 4.88 2.07 0.98
36.0 -> 38.0 34819 87048 37.03 23.94 4.35 1.64 1
38.0 -> 40.0 40642 101604 39.15 22.01 3.28 1.26 0.88
40.0 -> 42.0 208682 521706 41.04 20.2 2.75 1.02 0.83
42.0 -> 44.0 155854 389635 42.97 16.94 2.22 0.99 0.84
44.0 -> 46.0 69177 172943 45.1 14 1.51 0.85 0.71
46.0 -> 48.0 113485 283713 46.62 11.94 1.17 0.7 0.57
48.0 -> 50.0 6039 15098 48.11 9.1 1.13 0.56 0.56
Sub Total 753256 1883141 40.6 19.64 3.04 1.29 0.84
Grand Total 119269051 298172627 41.51 18.55 2.68 1.15 0.81
Table 14 Bench Wise Geological Resource and Waste

Volume Tonnes Cao Sio2 Al2o3 Fe2o3 Mgo

Waste
9085851 22714627 28.53 32.52 7.21 3.15 1.17
(0-34% CaO)
Limestone
110183200 275458000 42.58 17.39 2.31 0.99 0.78
(CaO> 34%)
Total 119269051 298172627 41.51 18.55 2.68 1.15 0.81
Table 15 Geological Resource with Grades

The estimated proved geological resource is 275.45 million tons of cement grade limestone at an
average grade of 42.58% CaO, 17.39% SiO2, 0.99% Fe2O3, 2.31% Al2O3 and 0.78% MgO.

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5. ANNEXURES

SURFACE PLANS

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SURFACE PLAN

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BOREHOLE LOCATION PLAN

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SLICE PLANS
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