FLG flagship minerals limited

Obviously I'm excited about THE POTENTIAL of this acquisition...

  1. 11,249 Posts.
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    Obviously I'm excited about THE POTENTIAL of this acquisition (and I think language may be very important here ... just like Rosario and the Tama Atacama projects, acquisition means AN OPTION AGREEMENT ... well it does to me at least. Means we have certain payments and/or milstones to reach over the term of the option agreement). Option agreements are normal course of business in extractive industries.

    I've already written heaps on what I think might be relevant peers - including one in the Maricunga Gold Belt (MCG) of the Atacama Region - the region noted by FLG where this "advanced exploration project" is located.

    But in this digital world of ours ... information is everywhere ... you just got to ask and know where to look.

    This table was AI assisted, and so depends very much on the question and context. What I posed was restated back as
    "The Atacama Region of Chile hosts numerous significant gold deposits and mines. Below is a comprehensive table summarizing these deposits, including their ownership/operators, location within the Maricunga Gold Belt, publication of Mineral Resource Estimates (MREs) under standards such as JORC or NI 43-101, resource classifications (Measured, Indicated, Inferred) with grades and contained ounces of gold, and annual production figures where available."

    And like all things ... trust but verify because it is most unlikely for a NI 43-101 (that's a Canadian mining standard for "Technical Report" that covers a multitude of things such as a MRE, PEA etc.) to exist without an MRE. So got to go and check stuff. By way of example ... Fenix Gold Project is owned/operated by Rio2 ... go to their website and see the MRE ... the mine has started its construction in Feb'25 ... that's what I mean by trust and verify.

    I'm convinced the answer lies in this table. Obviously any producting mine isn't a target. Some are simply to big (e.g. Volcan project) for FLG to consider. Anything belonging to Kinross/Newmont/Barrick isn't a likely target either. List of likely target keeps shrinking. We'll know soon enough ... ASX not withstanding.

    Deposit/Mine Name

    Owner or

    Operator

    MGB?

    MRE Published (Standard)

    MeasuredResources

    Indicated Resources

    Inferred Resources

    Annual Production

    1

    Salares Norte

    Gold Fields

    Yes

    Yes

    (NI 43-101)

    Data not publicly available

    Data not publicly available

    Data not publicly available

    First gold poured in March 2024; specific annual production data pending

    International Mining

    2

    Fenix Gold Project

    Rio2 Limited

    Yes

    Yes

    (NI 43-101)

    Data not publicly available

    Data not publicly available

    Data not publicly available

    Construction commenced in February 2025; first production expected in January 2026

    3

    Volcan Gold Project

    Tiernan Gold

    Yes

    Yes

    (NI 43-101)

    Data not publicly available

    Data not publicly available

    Data not publicly available

    Not in production; project under development

    4

    Maricunga Gold Mine

    Kinross Gold

    Yes

    Yes

    (NI 43-101)

    Data not publicly available

    Data not publicly available

    Data not publicly available

    Operations suspended since August 2016

    5

    La Coipa

    Kinross Gold

    Yes

    Yes

    (NI 43-101)

    Data not publicly available

    Data not publicly available

    Data not publicly available

    Operations restarted in March 2022; specific annual production data not provided

    6

    Cerro Maricunga

    Atacama Pacific Gold Corporation

    Yes

    Yes

    (NI 43-101)

    Proven & Probable Reserves: 294.4 Mt @ 0.40 g/t Au, containing 3.74 Moz Au

    Data not publicly available

    Data not publicly available

    Not in production; pre-feasibility study completed

    7

    Jeronimo

    Codelco and Kinross Gold (50/50 JV)

    No

    Yes

    (NI 43-101)

    16.6 Mt @ 4.80 g/t Au, containing approximately 2.56 Moz Au

    Data not publicly available

    Data not publicly available

    Not in production; development status uncertain

    8

    Santa Rosa

    Not specified

    No

    Data not publicly available

    Data not publicly available

    Data not publicly available

    Data not publicly available

    Historical production reported; current status unknown

    9

    Nueva Esperanza

    Kingsgate Consolidated Limited

    Yes

    Yes

    (NI 43-101)

    Data not publicly available

    Data not publicly available

    Data not publicly available

    Not in production; feasibility study completed

    10

    El Zorro

    Tesoro Gold

    No

    Yes

    (JORC)

    Data not publicly available

    Data not publicly available

    Data not publicly available

    Not in production; resource definition ongoing

    tesorogold.com.au

    11

    Pantanillo

    Anglo American

    Yes

    Yes (NI 43-101)

    Data not publicly available

    Data not publicly available

    Data not publicly available

    Not in production; exploration stage

    12

    El Morro

    Newmont (50%), Teck (50%)

    No

    Yes (NI 43-101)

    Data not publicly available

    Data not publicly available

    Data not publicly available

    Not in production; development status uncertain

    Wikipedia

    13

    Lobo-Marte

    Kinross Gold

    Yes

    Yes (NI 43-101)

    Data not publicly available

    Data not publicly available

    Data not publicly available

    Not in production; feasibility study completed

    Wikipedia

    14

    Cerro Casale

    Barrick Gold

    Yes

    Yes (NI 43-101)

    Data not publicly available

    Data not publicly available

    Data not publicly available

    Not in production; feasibility study completed

    Wikipedia


    Notes:

    • Salares Norte: Achieved first gold pour in March 2024; detailed production metrics are forthcoming. International Mining
    • Fenix Gold Project: Construction initiated in February 2025, with first production anticipated in January 2026.
    • Volcan Gold Project: Currently under development; specific resource details are not publicly disclosed.
    • Maricunga Gold Mine: Operations have been suspended since August 2016.
    • La Coipa: After a period of suspension, operations recommenced in March 2022; specific production data has not been publicly released.
    • Cerro Maricunga: A pre-feasibility study has been completed, outlining proven and probable reserves.
    • Jeronimo: Contains significant measured resources; however, the current development status is uncertain.
    • Santa Rosa: Historical production has been reported, but current operational details are lacking.
    • Nueva Esperanza: Feasibility study completed; awaiting development decisions.
    • El Zorro: Resource definition is ongoing; not yet in production. tesorogold.com.au
    • Pantanillo: Currently in the exploration stage; no production to date.
    • El Morro: Development status is uncertain; no current production. Wikipedia
 
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