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Capital Raising

Gold mining in Brazil

Mandate ID: AU-7-JSE-1-2307-3
Transaction Type:
Capital Raising

Industry: Mining


Sector: Gold production


SIC Code: 10410101 OPEN PIT GOLD MINING


Country of Origin: Brazil | Brazil


Target Areas: Worldwide


Business Review

1) The client has completed a detailed internal scoping study, concluding that an attractive business opportunity exists to begin mining activities by focusing on the near-surface oxidised resources (The “Oxide Project”). The expected quick returns and high margins would provide funding for the development of the primary ores, which could ultimately support a new world-scale gold mine.
2) Ausenco, a leading globally renowned engineering company specialising in mining projects, has been engaged to undertake a Pre Feasibility Study (PFS) on the Oxide Project, which is due for completion in Q4, 2023. The company has cash reserves in its treasury to undertake the PFS and partly fund the construction of the project.
3) Based on the Scoping Study undertaken by the company, The Oxide Project has the potential to produce 30-40,000 ounces per annum at a cash cost < US$1,000/ ounce. Stage 1 of this project targets a confirmed resource base of approximately 100,000 ounces, most of which could be extracted within the first 5 years of operation. Stage 2 extends and expands Stage 1 operations at minimal additional capital, all of which could be funded from the profits generated from Stage 1.
4) Subject to the successful completion of the PFS, the Stage 1 project can be in production in around 6 months following financial close.
5) Investment can be in the form of direct equity in the Oxide Project, a Gold Loan, a Gold Royalty, or any combination of these that arrives at an investment amount that meets the company’s needs.

Products

Bars of Gold Dore

Capital required: USD 15,000,000


Highlights

- High-quality resources (43-101 complient)
- High-margin operation (60-70% EBITDA margins)
- Production within 12 months
- Payback in less than a year
- Pathway to resource growth

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