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Riacho dos Machados (“RDM”) high grade gold project, Minas Gerais, Brazil 100% owned. |
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Brazil: NI 43-101 Mineral Resource:
- Meas + Ind: 290,000 oz Au
- Inferred: 1,012,000 oz Au
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Additional underground potential of ≈1,120,000 oz Au.
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PEA Completed; Highlights:
- Avg. 102,000 ounces/yr over initial 7.1 yr mine life
- NPV5 ,US$123.3 million (after tax @ $900 gold price)
- IRR, 32% (after tax @ $900 gold price)
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Upside for longer term mine life is excellent |
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Feasability study underway and due in Q3 of 2010
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Rovina Valley Project (“RVP”), Romania, 3 porphyry Au-Cu discoveries 100% owned. |
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Romania: NI 43-101 Mineral Resource:
- Meas + Ind: 3,070,000 oz Au & 759 million lbs Cu
- Inferred: 3,890,000 oz Au & 663 million lbs Cu
- Global metal content of 10,750,000 oz GEO¹
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Deposit still open in size
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PEA Highlights:
– Avg. 327,000 Au-eq¹ ounces/yr over a 19 yr mine life
– NPV8 ,$316 million (@ $900 gold price and $2.25/lb.Cu)
– IRR, 15.7% (@ $900 gold price and $2.25/lb.Cu)
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Additional exploration drilling, long lead time EIA/SIA for feasibility studies underway
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