Owns or holds the rights to 100% of the second largest area of mineral tenure (behind Vale SA) in the Caraja
Mineral Province of Brazil
Antas Copper Mine has a JORC Reported Ore Reserves (Proved + Probable) of 2.649 million tonnes at 3.19% copper and 0.66gpt gold for 84,518 tonnes of contained copper and 56,277 ounces of gold at a 0.9% Cu cut-off
Development is underway at Antas with sufficient funding through to production; all key licenses/land agreements are in place
Pedra Branca 50km from Antas Copper Mine
Well supported by major institutional shareholders: Glencore, Blackrock World Mining Trust, Appian Natural Resources Fund and Greenstone Resources
Brazil location offers significant acquisition opportunities to enhance shareholder value
Upcoming Catalysts:
Q4 2015: Scoping Study completed and Mine Decision at Pedra Branca
Q1 2016: Production Commencement at Antas Copper mine
Q1 2016: Pre-Feasibility Study completed at Pedra Branca
