Ore Producing Russian Company is looking for equity investors:
The Company seeks investments of USD 50-80 million in return for an equity stake in the Company (cash-in). The funds are required for further exploration works aimed at expanding current resource base and construction of the first line of processing plant.
Ore field, Kamchatka region, Far East Russia.
Production at the end of 2011 - 3.0 M oz Au (94 t) contained at average grade of 2 g/t (indicated & inferred), Independent NI43-101 compliant Report - Technical Due Diligence & Resource Estimate.
End 2010: 1.2 M oz Au (37 t) contained at average grade of 2 g/t (indicated & inferred), Independent NI43-101 compliant Report - Technical Due Diligence & Resource Estimate.
Technology: Open pit mining (strip ratio ~ 3.0 m3/t), CIL technology (Au recovery ~ 90%).
Additional plus: Presence of sporadic rich and bonanza ore pockets (with grades over 100 g/t), which should result in higher ROM grade. Such grades were not considered in the above resource estimates as they were appropriately leveled down.
Production: Start of production in 2014 with 54,000 oz annual production and capacity expansion to 300,000 oz in 2018-19.
Shareholders: Main shareholder with substantial local political and business connections and track-record of successful JVs with international investors.
Management: Company Management and Senior key staff with up to 25 years experience in gold sector.
Target: Building up a company with total reserves exceeding 8 M oz, annual production of about 300 K oz and market cap of more than USD 2 billion.
To recieve more information about the company, please contact firstname.lastname@example.org