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
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
BIG Price at posting:
5.0¢ Sentiment: None Disclosure: Held