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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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Rovina Valley Project (“RVP”), Romania, 3 porphyry Au-Cu discovery 100% owned. |
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Romania: NI 43-101 Mineral Resource:
- Meas + Ind: 3,070,000 oz Au & 759,000 lbs Cu
- Inferred: 3,890,000 oz Au & 663,000 lbs Cu |
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Deposit still open in size. |
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Detailed PEA study underway. |
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Additional Porphyry targets to further build on the resources. | |