Gold Production in Portugal
US $500 Million plus initial resource
Acquiring the Numao Gold Mine and Infrastructure
Fully Operational Gold Mine
•Significant opportunity in the Gold mining sector, located in northern Portugal
•Excellent results from initial development and mining startup
•+$60 million plus in sunk costs
•We are purchasing the fully developed 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
•Significant equipment and data included in the package
•Operations were shut down as mining commenced shortly before the Covid crisis
Signicant Resource and Expansion Potential
•The Minamar Gold Mine is situated in the eastern part of northern Portugal, and is adjacent to all important infrastructure
•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
Long Mine Life
•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
Strategic Land Position
•The Minamar Gold Mine project was initiated after the discovery of substantial Gold deposits in the region
•The concession is in northern Portugal, well known for its rich mineral resources
•The project's primary objective is to develop a sustainable and efficient Gold mining operation
First Class Infrastructure
•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
Highly Expandable
Detailed, Clear, Geology
Detailed, Clear, Geology
•Short-term goals for the Minamar Gold Mine project include immediate production, further exploration and development of the identified structure
•Additionally, the project aims to secure necessary permits and approvals from relevant authorities to expand mining operations
Detailed, Clear, Geology
Detailed, Clear, Geology
Detailed, Clear, Geology
•Expansion phase will focus on detailed geological mapping, drilling campaigns, and resource expansion
•We have a clear understanding of the deposit's size, quality, and economic viability
Resource Estimation is not NI 43-101 compliant and is used for estimation purposes only until verifi
Project Assumptions
•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
Environmental Social
•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
Licences and Permissions
•The Minamar Gold Mine project has obtained all necessary licenses and permissions required for exploration and development
•The project is in compliance with national 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
Our Gold Mining Operations
Ouro Metals
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