Check out CTN Centamin, 8 Million plus Ounces in Sukari Egypt, going into production early late this year.
Centamin Egypt Limited (CNT, formerly Centamin Limited) is a gold exploration and development company. Principal asset of Centamin is its interest in the Sukari project in Egypt.
Sukari (50%): The project is located in the Eastern Desert of Egypt about 700 km south of Cairo and is prospective for gold. Definitive feasibility study (DFS) was compiled in February 2007 and indicated capex of US$216.5m. Mining is proposed at a rate of 5Mtpa, treating 4Mtpa to produce 200,000ozpa Au at a cash cost of US$290/oz. Using US$600/oz gold price, NPV was estimated at US$248.4m and IRR was estimated at 22.3%. Mine construction is due to commence in July 2007 and first gold production is expected during 3Q08. As at February 2007 measured and indicated resources were estimated at 121Mt @ 1.39g/t Au for 5.4Moz Au. Proven and probable reserves were estimated at 78Mt @ 1.5 g/t Au for 3.7Moz Au using US$500/oz gold price.
Other: In October 2006 the Company tendered for additional exploration blocks, located in the Eastern Desert of Egypt. The Company also holds a royalty interest in the Nelson Fleet gold project at St. Ives in Western Australia through its subsidiary, Viking Resources Limited.
AZS - Azure as the new Bolnisi, per Fat prophets exploring / developing in the sierra madres of Mexico.Run by a proffessional and respected management lead by Tony Rovira.They got their fingers in every pie.
Azure Minerals Limited (AZU, formerly Nickel Australia Limited (NKL)) is a minerals exploration company focused on the exploration for nickel in the Eastern Goldfields of Western Australia. AZU was formed for the purposes of acquiring 100% of the nickel rights from Croesus Mining NL (CRS). In consideration, NKL issued CRS with 15 million shares and granted CRS a 1% royalty over the value of nickel concentrate mined. In addition, AZU has agreed to spend a minimum of $3.15m on exploration at the Norseman, Davyhurst and Beete Projects prior to electing to relinquish the tenements back to Croesus.
Norseman (100% of the Nickel Rights): The Norseman Project is located near the town of Norseman in Western Australia, 190km south of Kalgoorlie. Drilling has intersected mineralisation including 7m @ 1.24% Ni, and 50m @ 0.87% Ni.
Davyhurst (100% of the Nickel Rights): The Davyhurst Project is located 170km NNW of Kalgoorlie. Previous exploration has intersected 6m @ 0.77% Ni.
Beete (100% of the Nickel Rights): The Beete Project is located 60km south of Norseman. Previous drilling has returned nickel intersections including 28m @ 0.13% Ni and 16m @ 0.2% Ni. During March 2005q geochemical results indicated that ultramafic rocks at Beere are not prospective for nickel sulphide mineralization and no further work was planned for this tenement.
Maggie Hays South (earning 55% of the Nickel Rights): The Maggie Hays South project is a JV with Hannans Reward. The project comprises seven Prospecting Licenses covering 12km2 of the Lake Johnston Greenstone Belt in Western Australia. During December 2004q aircore drilling intersected 11m @ 1.45%Ni and 43m @ 0.56%Ni.
Splinter: The Splinter Project is located 120km northeast of Esperence in Western Australia and is prospective for copper and gold. The geochemical sampling identified gold anomaly, extending approximately 3km in length and 1km in width.
Bounty (earning 80% of the Nickel Rights): The Bounty Project is located in the Forrestania Greenstone Belt of Western Australia and is prospective for nickel. Exploration commenced in January 2005. Drilling intersected 13.25m @ 1.23% Ni and 7.4m @ 1.05% Ni.
Killaloe (earning 70% of the Nickel Rights): The project is located 25km N-E of Norseman township. Previous exploration confirmed the presence of highly anomalous nickel and pathfinder element mineralisation.
Mexico (earning 75% of project ownership): The project is located in the Mexican states of Sonora and Chuhuahua, prospective of copper-gold-molybdenum and epithermal gold-silver.
