Business Develop - Ramping up.

With business development ramping up in the next few months via a number of key meeting.   We should start to see some reward for BJ efforts.  Based on my rough assessment China looks like the first cab off.  The La Demajagua Gold Project in Cuba requires further drilling to finalise JORC this could add a further 6-12 months.

China Opportunity
2 x 70,000 tonne Albion Plants
Head grade of the concentrates tested ranged from 35 g/t Au to 40 g/t Au
Tests confirm gold recoveries from the Albion/CIL plant are expected to be approximately 95%
Preliminary Economic Assessments for the two potential projects has been completed
49% equity investment in each project is expected to be approximately US$6.0 million
NPV to PanTerra Gold– US$22 million per project/based on a US$1200/oz gold price, a 10% discount rate, and a minimum project life of 10 years 
Meetings are planned for Feb and March 19

Cuban Opportunity
La Demajagua Gold Project (Isle of Youth in Southwest)
80,000 tonne Albion Plant / Opportunity to relocate key components for existing plant in DR
Planned gold production 75,000 oz AU per year
Draft Joint Venture Agreement completed
Mine life 17 years:  Open pit mining, seven years, underground for ~10 years
The deposit has been extensively drilled (>50,000m).  However, further drilling is required to finalise JORC to inform DFS
Meetings in Havana are to occur in February 2019, aimed to resolve a number of issues arising from GeoMinera’s first draft