There's only one direction for the sp and that is upwards and LT holders you will be rewarded shortly for your patience.
Summary of Presentation by JK today at the Excellence in Mining & Exploration Conference September 2009.
...............
1. Bolivian gold project cash flow
forecast to commence 1Q 2011
2. Potential for early-stage FNQ gold project cash flow (1H 2010)
3. $945,000 Share Placement at $0.02/share combined with a 1 for 4 Renounceable
Rights Issue heavily oversubscribed to raise a further A$3.94m for a total capital
raising of ~A$4.9m
All Placement and Rights Issue shares issued had 2 free attaching options as
follows:
1 x 12 month option at $0.03/share exercise price &
1 x 24 month option at $0.04/share exercise price
Current cash on hand as at September 2009 is $A2.5m, and no debt
4. Bankable Feasibility Studies for Bolivia & FNQ well advanced
Pre-Construction earthworks commenced at Amayapampa
Successful 2009 drilling at FNQ hitting high grade gold targets – 43m @ 5.03 g/t, 20m @
5.80 g/t, 18m @ 7.18 g/t, 16m @ 5.52 g/t, 8m @ 6.32 g/t, 8m @ 6.85 g/t & 6m @ 5.38 g/t.
5. Socialist government of President Evo Morales elected in December 2005
New Constitution (January 2009) supportive of private sector and mining
Need for companies to obtain social license in order to operate
Company currently working with government and communities on social license
process
Company has good relations with Bolivian government officials
Established health and education programs for the communities at Amayapampa
Strong commitment to best practice on
community and human rights
Excellent political connections, particularly
Eugenio Mendoza VM Mining
Development of very good relationships with
the local communities over the past 6 months
6. Amayapampa Gold Project is 400kms
South of La Paz in the Bolivian
Altiplano at 4,100m above sea level
Current Resource is ~1.1Moz – most
recent feasibility study (2005)
estimated ore reserves of 423,000ozs
at a cash cost of US$176/oz
Mineralisation identified is 30-70m
wide, 1.5kms in strike length and
open along strike and at depth
Free milling ore - mostly gravity
recoverable gold
BFS targeted for completion late-
2009/early-2010
7. Progressing Towards Production
Republic moving towards 2-tiered production:
- Bolivia: 80,000 -100,000 oz Au p.a.
- Hodgkinson Basin: 25,000 - 45,000 oz Au p.a.
Bolivia is the primary focus – providing exciting exploration potential and an existing
Resource of >1moz and still growing
Bolivian production cash costs likely to be bottom quartile amongst current
producers – Amayapampa likely to be highly profitable at current US$ gold prices
Continued to focus on regions where Republic’s Technical & Operating strengths are
best utilised
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