Gold Production in Portugal

•Significant opportunity in the Gold mining sector, located in northern Portugal

•Excellent results from initial development and mining startup

•+$50 million plus in sunk costs

•We are purchasing the 4600 hectare property and mine from receivership

•Potential for high returns due to the substantial Gold deposit identified, the strategic location of the mine, the significant existing infrastructure, and the simple mining techniques planned for extraction

•5 historic mines included in the package•Operations were shut down as mining commenced shortly before the Covid crisis

 •The Minamar Gold Mine is situated in the eastern part of northern Portugal, covering a concession area of approximately 4600 hectares 

•The package is being purchased from receivership by Pink Waters via a wholly owned Portuguese subsidiary, Ouro Metals NDA

•The region is rich in Gold deposits, as evidenced by extensive geological surveys and drilling campaigns conducted by Minaport

•The project can produce several kg of Gold a day for decades with no further capital expansion

•With its strategic location near key infrastructure, including roads and ports, the Minamar Gold Mine is well-positioned for successful mining operations

•+10 year mine life on current numbers

•Multi-million ounce potential

 •The Minamar Gold Mine project was initiated after the discovery of substantial Gold deposits in the region

•The concession area, spanning 4600 hectares, is in northern Portugal, known for its rich mineral resources 

•The project's primary objective is to develop a sustainable and efficient Gold mining operation

•Recent and detailed geological surveys and drilling campaigns have been conducted to assess the resource potential and plan the mining activities 

•The Minamar Gold Mine project is strategically located near essential infrastructure, facilitating easy access for operations and logistics

Customers have questions, you have answers. Display the most frequently asked questions, so everybody benefits.

•All-in Capital cost, including expansion to 1000 tpd, and working capital US$20M

•Av Gold Price $65/g

•Av grade 5.2 gpt Au

•80% recovery

•Mine/Mill cost $135/t

•Other, admin, G&A , etc. $40/t

•340 operational days per yr

•$92M/yrRevenue

•EBITDA $30M/yr

•NPV (@15%DCR) $512M

•Investor Payback Period less than 1 year

•Potential to develop +20 year Mine life

•Includes US $5m yrexploration budget

•The Minamar Gold Mine project is committed to minimizing its environmental footprint and ensuring sustainable mining practices

•Comprehensive environmental impact assessments have been conducted to identify potential risks and develop mitigation strategies 

•Key measures include the implementation of advanced waste management systems, water recycling processes, and habitat restoration programs 

•The project also emphasizes community engagement and social responsibility, working closely with local stakeholders to ensure mutual benefits 

•Efforts to support local communities through job creation and infrastructure development are integral to the project's approach

•The Minamar Gold Mine project has obtained all necessary licenses and permissions required for exploration and development

•The project is in compliance withnational and international mining regulations and standards 

•The current licenses cover the entire concession area, allowing for full-scale mining operations 

•Future approvals needed for expansion and operational activities have been identified, and the project team is actively working to secure these permits 

•Ensuring legal and regulatory compliance is a top priority to minimize risks and ensure smooth project progression