OPERATIONS

Licencing and permitting

All licenses for operation are in place.

All permits to mine are in place and current.

Environmental permits for mining and tailings facilities are current and all continued requirements for monitoring have been met.

Mine has all permissions and approvals to mine and process material today.

Infrastructure

The mine is in a mining jurisdiction with

Airport an hour from site

Sealed roads to site

Low cost power on site

Port 20 minutes from site

PROCESS PLANT

  • The Otso Gold Mine process plant is state of the art built by and with Metso and Outotec equipment and is production ready. The process plantis gold plated with a constructioncost of approximately 200 million Euros.

Mine

  • There are currently two open pits, the north and south pits, on site at depths of 50 metres and 25 metres respectively.
  • All mining is simple and low cost with an emphasis on grade control and reconciliation.
  • Conservative mining cost of euro 506/oz.
  • Mining will be through owner mining using a CAT leased fleet consisting of 10 777 trucks and 3  excavators being a mixture of 6015s and 390s.

Exciting mining opportunity in world class mining jurisdiction with short runway to production, low price for entry and great exploratory potential.

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