18.07.2012
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.

Project Description:

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 info@ukrainian-energy.com

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