3.2Moz Gold & 70.3Moz Silver
…and preparing to produce!
MEXICO.
• Top 10 Gold producing country globally (2011)
• Strong mining state - established, clear mining legislation
• Booming economy, decreased unemployment and GDP growth of 4.5% in first half of 2012
• Major engineering facilities & workforce centres < 60min
• International airport < 1.5hrs from CdG
• Power, water, sealed roads
• Supportive community
CERRO DEL GALLO, MEXICO
DEVELOPMENT PLAN
2012
?JV partner (Goldcorp) election
?CJO self-funding option - Debt & forward metal sale
proposals received
- JV election required
- CJO prepared for fully funding development 100% project owner
- CJO 90% Net Profit
2013
?Front end engineering
?Permitting
?Earthworks
?Infrastructure
?Plant & mine construction
2014
?Commissioning
?First pour
?Production
?2nd Stage FS to commence for delivery in Yr 3 of Stage 1 mining
CERRO RESOURCES NL
CONCLUSIVE VALUE
Cerro Del Gallo 1st Stage Heap Leach (+2nd stage)
• US$516/oz Gold Eq C1 low cash cost project (co-product)
• 99,100 oz Gold Eq output in Yr 3
• Production target 2014
Production re-rating potential
• $19.75 Ev/oz Gold eq. vs $50-$60 based on TSX & ASX sector average)
Exploration portfolio catalysts
• Espiritu Santo initial drilling to commence
• Namiquipa maiden resource completed with further drilling to expand/upgrade
Experienced Board & Management
This company is building into a hugely prospective concern with serious potential for some very attractive reratings in the not too distant future and unlimited potential for both gold and silver production in a country with massive batural resources and favourable conditions.
The share strenght on a day the market is donw bodes extremely well.
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