Aura Minerals is creating a new intermediate gold producer through the acquisition of three producing gold mines in Brazil and Honduras with average annual production of 220,000 ounces of gold over the next five years. The company will focus on increasing production and reducing costs at the new mines in 2010. Aura also plans to restart its Aranzazu copper-gold-silver mine in Mexico in Q2 2010 and advance the Arapiraca copper-gold-iron ore project in Brazil.
Aura Minerals plans to restart production at its Aranzazu copper-gold-silver project in Mexico in Q2 2010. The project is forecast to produce over 25 million pounds of copper and over 12,000 ounces of gold annually at cash costs below $1/lb copper. Exploration drilling will target expanding resources by over 50 million tonnes to support a feasibility study for a larger underground operation. Aura aims to increase production at Aranzazu through staged expansions with the goal of significantly growing gold and silver by-product production over the long term.
Aura Minerals plans to restart operations at its Aranzazu copper-gold-silver project in Mexico in 2010. The project is expected to produce over 20 million pounds of copper and over 15,000 ounces of gold equivalent annually. Exploration is ongoing to expand resources, with a 2010/2011 drill program targeting over 70 million tonnes of mineralization at a lower copper cutoff that could support an underground mining operation. Significant upside potential remains to increase resources at Aranzazu through continued exploration.
Aura Minerals is a mid-tier gold and base metals producer focused on projects in the Americas. The company currently operates the San Andres gold mine in Honduras and owns the producing Sao Francisco and Sao Vicente gold mines in Brazil. It is also developing the Aranzazu copper-gold-silver mine in Mexico, which is scheduled to begin production in 2010. Aura Minerals is executing a growth strategy focused on increasing production while maintaining a strong financial position.
Aura Minerals Inc. is a gold and base metals producer focused on projects in the Americas. The company operates the San Andres gold mine in Honduras and owns the producing Sao Francisco and Sao Vicente gold mines in Brazil. Aura is also advancing the Aranzazu copper-gold-silver project in Mexico toward production restart in 2010. The company is targeting total gold production of 185,000 ounces in 2010 from its operating mines. Aura has a strong balance sheet with over $100 million in cash and is pursuing growth through development of its projects and strategic acquisitions.
Aura Minerals provides a summary of its projects in Brazil, Honduras, and Mexico. The company's portfolio includes producing gold mines in Honduras and Brazil, the Aranzazu copper-gold-silver project in Mexico which is scheduled to restart production in Q3 2010, and the Arapiraca copper-gold-iron ore project in Brazil which is advancing to feasibility. Aura is focused on growth through developing its projects, pursuing strategic opportunities, and executing its operational strategy to increase production and reduce costs.
Aura Minerals is a gold and base metals producer focused on projects in the Americas. The company's portfolio includes producing mines in Honduras and Brazil, a copper-gold-silver project in Mexico entering production, and feasibility-stage copper-gold-iron ore project in Brazil. Key highlights include ramping up production at existing mines, advancing development projects, and pursuing growth opportunities through acquisition.
Alder Resources holds a 65% interest in the 33 km2 Rosita copper-gold-silver property in northeast Nicaragua. Rosita is located in an emerging porphyry district and was a past producer. Alder's experienced management team recently outlined an initial inferred resource at Rosita of 108 million pounds of copper, 118 thousand ounces of gold, and 2.4 million ounces of silver. Alder's objectives are to discover large porphyry deposits at Rosita, expand resources around past open pits, expand its land portfolio, and practice diligent cash management.
Alder Resources holds a 65% interest in the Rosita copper-gold-silver project in northeastern Nicaragua. The project contains a historic resource of over 100 million pounds of copper, 118,000 ounces of gold, and 2.4 million ounces of silver in stockpiles from previous production. Alder's exploration at the project has identified additional high-quality porphyry and skarn targets near the historic open pits that warrant further drilling. The company plans to complete an 8,000 meter drilling program by the fourth quarter of 2012 aimed at expanding resources. Alder has an experienced management team with a track record of discovery and is well positioned to generate value from the Rosita project located in an emerging copper-
Aura Minerals plans to restart production at its Aranzazu copper-gold-silver project in Mexico in Q2 2010. The project is forecast to produce over 25 million pounds of copper and over 12,000 ounces of gold annually at cash costs below $1/lb copper. Exploration drilling will target expanding resources by over 50 million tonnes to support a feasibility study for a larger underground operation. Aura aims to increase production at Aranzazu through staged expansions with the goal of significantly growing gold and silver by-product production over the long term.
Aura Minerals plans to restart operations at its Aranzazu copper-gold-silver project in Mexico in 2010. The project is expected to produce over 20 million pounds of copper and over 15,000 ounces of gold equivalent annually. Exploration is ongoing to expand resources, with a 2010/2011 drill program targeting over 70 million tonnes of mineralization at a lower copper cutoff that could support an underground mining operation. Significant upside potential remains to increase resources at Aranzazu through continued exploration.
Aura Minerals is a mid-tier gold and base metals producer focused on projects in the Americas. The company currently operates the San Andres gold mine in Honduras and owns the producing Sao Francisco and Sao Vicente gold mines in Brazil. It is also developing the Aranzazu copper-gold-silver mine in Mexico, which is scheduled to begin production in 2010. Aura Minerals is executing a growth strategy focused on increasing production while maintaining a strong financial position.
Aura Minerals Inc. is a gold and base metals producer focused on projects in the Americas. The company operates the San Andres gold mine in Honduras and owns the producing Sao Francisco and Sao Vicente gold mines in Brazil. Aura is also advancing the Aranzazu copper-gold-silver project in Mexico toward production restart in 2010. The company is targeting total gold production of 185,000 ounces in 2010 from its operating mines. Aura has a strong balance sheet with over $100 million in cash and is pursuing growth through development of its projects and strategic acquisitions.
Aura Minerals provides a summary of its projects in Brazil, Honduras, and Mexico. The company's portfolio includes producing gold mines in Honduras and Brazil, the Aranzazu copper-gold-silver project in Mexico which is scheduled to restart production in Q3 2010, and the Arapiraca copper-gold-iron ore project in Brazil which is advancing to feasibility. Aura is focused on growth through developing its projects, pursuing strategic opportunities, and executing its operational strategy to increase production and reduce costs.
Aura Minerals is a gold and base metals producer focused on projects in the Americas. The company's portfolio includes producing mines in Honduras and Brazil, a copper-gold-silver project in Mexico entering production, and feasibility-stage copper-gold-iron ore project in Brazil. Key highlights include ramping up production at existing mines, advancing development projects, and pursuing growth opportunities through acquisition.
Alder Resources holds a 65% interest in the 33 km2 Rosita copper-gold-silver property in northeast Nicaragua. Rosita is located in an emerging porphyry district and was a past producer. Alder's experienced management team recently outlined an initial inferred resource at Rosita of 108 million pounds of copper, 118 thousand ounces of gold, and 2.4 million ounces of silver. Alder's objectives are to discover large porphyry deposits at Rosita, expand resources around past open pits, expand its land portfolio, and practice diligent cash management.
Alder Resources holds a 65% interest in the Rosita copper-gold-silver project in northeastern Nicaragua. The project contains a historic resource of over 100 million pounds of copper, 118,000 ounces of gold, and 2.4 million ounces of silver in stockpiles from previous production. Alder's exploration at the project has identified additional high-quality porphyry and skarn targets near the historic open pits that warrant further drilling. The company plans to complete an 8,000 meter drilling program by the fourth quarter of 2012 aimed at expanding resources. Alder has an experienced management team with a track record of discovery and is well positioned to generate value from the Rosita project located in an emerging copper-
This document provides an overview of Calibre Mining Corp.'s gold, copper, and silver exploration projects in Nicaragua. Calibre has over 860 square kilometers of concessions in the prolific "Mining Triangle" that has produced over 7.9 million ounces of gold. Calibre has made a new porphyry gold/copper discovery at its Primavera project through drilling intercepts up to 261.7 meters grading 0.78 g/t gold and 0.30% copper. The company also has a 100% owned Riscos de Oro epithermal gold-silver project where drilling has returned intercepts up to 10.25 g/t gold and 288.25 g/
Alder Resources holds a 65% interest in the 33 square kilometer Rosita copper-gold-silver property in northeast Nicaragua. The experienced management team aims to discover large porphyry deposits at Rosita, which was a past producer and has an initial inferred resource. Nicaragua is a mining-friendly jurisdiction with a long history of production. The Rosita project is located in an emerging porphyry district near producing and developing copper-gold mines.
Murgor Resources Inc. is a mineral exploration company focused on projects in Ontario and Manitoba. It has an advanced gold project called the Golden Arrow in Timmins, Ontario that was previously mined in the 1980s. Murgor also has copper-gold projects in Flin Flon, Manitoba with over 1 billion dollars in estimated resources. The company is exploring additional early stage projects and maintains a 1% royalty on the Barry gold mine in Quebec. Murgor is well funded with $1.8 million in treasury and no debt, and partnerships provide exposure to additional exploration properties.
The document discusses Alder Resources' Rosita copper-gold-silver project in Nicaragua. Key points include:
- Rosita has a NI 43-101 compliant inferred resource of 8 million tonnes containing 108 million lbs of copper, 118,500 ounces of gold and 2.4 million ounces of silver in existing stockpiles.
- Historic mining produced 245 million lbs of copper, 160,000 ounces of gold and 2.6 million ounces of silver from open pits.
- Drilling has identified a 1.1 km long copper-gold-silver mineralized zone below the Santa Rita deposit that remains open.
- The project is located in a prolific mining district of Nicaragua near
This document provides an overview of Lago Dourado Minerals Ltd. and its Juruena gold project in Brazil. The Juruena project covers an extensive gold system where over 500,000 ounces have already been mined at surface through artisanal mining. Limited historic drilling was concentrated in existing mine workings and did not systematically test the entire mineralized system. Lago Dourado plans to conduct its first 12,000 meter phase 1 drilling campaign to better define the gold mineralization. The company is well financed having recently completed a $9.2 million IPO and has an experienced management team to advance exploration and development of the project.
- Quintessential Resources Ltd will present at its Annual General Meeting on November 21, 2011 at the Celtic Club in West Perth, Western Australia.
- Managing Director Paige McNeil will present on the company's activities and exploration plans.
- Quintessential is focused on exploring and developing mineral properties in Papua New Guinea, with a portfolio including projects prospective for porphyry copper and gold deposits.
Lago Dourado Minerals is exploring for gold in Brazil. The company's flagship project is the Juruena property, which hosts an extensive gold system with over 0.5 million ounces already extracted through artisanal mining. Drilling has commenced on an 18,000 meter campaign to test targets identified through soil and geophysical surveys. The company also has an option to acquire the Jauru gold project. Lago Dourado is well financed with $6 million in cash and an experienced management team. Upcoming catalysts include the ongoing drilling program and initial drill results expected in May 2011.
This document discusses Lago Dourado Minerals Ltd's exploration of gold deposits at its Juruena Project in Brazil. The project covers an extensive gold system where over 500,000 ounces have already been mined by artisanal miners. Phase I drilling is ongoing to test targets beyond the areas already mined. The company has an experienced management team and is well financed to advance exploration. Drilling will target large gold-in-soil anomalies that have not been tested by previous drilling, which focused only on areas of existing artisanal mining.
This document summarizes Lago Dourado Minerals' exploration project at the Juruena gold property in Brazil. The property hosts an extensive gold system with over 500,000 ounces mined at surface historically. Drilling commenced in December 2010 to test the largely untested property. The company is well financed with $9.2 million raised in an IPO to explore the property and advance other gold projects in the region.
- Alder Resources holds a 65% interest in the 33 km2 Rosita copper-gold project in northeast Nicaragua, located near emerging porphyry deposits.
- Drilling at the historic Santa Rita open pit and adjacent stockpiles has outlined an inferred resource of 7.95 million tonnes grading 0.62% copper, 0.46 g/t gold and 9.2 g/t silver.
- Exploration is targeting the potential for additional mineralization around the historic pits and at near-by porphyry prospects like Bambana, with an 8,000m drilling campaign planned through 2012.
This document provides an overview of Andean American Gold Corp. and its Invicta gold mining project in Peru. Some key points:
- Invicta is expected to produce an average of 97,931 ounces of gold annually over a 5-year mine life at a cash cost of $274.80 per ounce.
- The project has estimated reserves of 538,946 ounces of gold and a capital cost of $68 million to develop.
- Major shareholders include insiders, Richmond Capital LLP, Praetorian Capital Management LLC, and Trafigura Beheer B.V.
- Upcoming milestones include the start of construction in Q1 2011 and commissioning 12
The document discusses Alder Resources' Rosita copper-gold-silver project in Nicaragua. It summarizes that Alder has the option to earn a 65% interest in the historic Rosita project which has a NI 43-101 compliant inferred resource of 108 million pounds of copper, 118,500 ounces of gold and 2.4 million ounces of silver. Exploration at the project has identified a 1.1 km long copper-gold-silver mineralized zone at the Santa Rita deposit that remains open along strike and at depth. The project is located in an emerging copper-gold porphyry district in Nicaragua that has a stable, pro-mining government.
Marathon Gold is a Canadian gold exploration and development company rapidly growing its North American gold resources through low-cost and low-risk projects. The company currently has over 570,000 ounces of M&I gold resources and over 538,000 ounces of inferred gold resources across its Valentine Lake project and Golden Chest mine. Marathon Gold aims to add value by expanding its current resources through additional drilling and advancing its projects towards having over 1 million ounces of gold resources.
Marathon Gold is a Canadian gold exploration and development company rapidly growing its North American gold resources through low-cost and low-risk projects. The company currently has over 570,000 ounces of gold in the measured and indicated categories across its Valentine Lake project in Newfoundland and Golden Chest mine in Idaho, with an additional 538,000 ounces in the inferred category. Marathon Gold aims to add value by expanding its current resources through an ongoing drilling program and progressing its projects towards the million ounce scale while conserving capital.
The company presentation summarizes Avion Gold Corporation, a new gold producer in West Africa. Key points include:
1) Avion has acquired and commenced production at the Segala gold mine in Mali, targeting 55,000 ounces of gold production in 2009.
2) The company intends to expand production to 200,000 ounces annually by 2011 through developing its large land package in Mali.
3) Avion has assembled a significant asset base in Mali for less than $0.20 on the dollar, including an operating mill and infrastructure.
Seafield Resources Ltd. - Corporate Presentation - April, 2012sffresources
The document discusses Seafield Resources' advanced gold exploration project in Colombia. The project includes the Miraflores deposit located within Seafield's 100%-owned 6,757 hectare Quinchia Gold Project. Drilling at Miraflores has outlined a breccia pipe with over 1.9 million ounces of gold in measured and indicated resources. Metallurgical testing shows excellent average gold recoveries of over 90% for the mineralization. Seafield is well financed with $10 million cash and is exploring additional targets on its highly prospective and largely undrilled land package.
1. The document discusses forward-looking statements about a company's projections that involve known and unknown risks and uncertainties.
2. It provides an overview of the Invicta gold project in Peru, which is expected to begin production within 12 months of construction start and produce an average of 160,000 ounces of gold equivalent per year.
3. Measured, indicated, and inferred mineral resource estimates are presented for the Invicta project, with additional drilling planned to potentially extend the initial 5-year mine life.
Aura Minerals provides a summary of its projects in Brazil, Honduras, and Mexico. The company's portfolio includes producing gold mines in Honduras and Brazil, the Aranzazu copper-gold-silver project in Mexico which is scheduled to restart production in Q3 2010, and the Arapiraca copper-gold-iron ore project in Brazil which is advancing to feasibility. Aura is focused on growth through developing its projects, pursuing strategic opportunities, and executing its operational strategy to increase production and reduce costs.
Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 1: Africa Resources
Speaker: Simon Village, Banro Corporation
The document describes the Toroparu Gold-Copper Project located in the Cuyuni-Mazaruni Region of Western Guyana. It outlines a proposed multi-phase open pit mine development plan to extract 5.4 million ounces of gold equivalent from an average grade of 1.08 g/t over a 13-year mine life. The plan includes establishing the necessary infrastructure and permitting to bring the project into production by 2015. Exploration will continue to expand resources along strike and at satellite targets on the concession.
The document discusses the Toroparu Gold-Copper Project located in the Cuyuni-Mazaruni Region of Western Guyana. It notes that the project contains an estimated 9.8 million ounces of gold equivalent in measured and indicated resources. Infrastructure at the site includes a 225 km road to tidewater, a 2500 foot airstrip, a 120 person camp, 40 km of exploration roads, and a 300 KVa generator. Drilling and exploration continue to expand resources and identify new targets at the site.
Avion Gold Corporation is a new gold producer in West Africa with exploration upside. The company acquired over $100 million in assets including an operating mill and mining infrastructure for less than $0.20 on the dollar. Avion has achieved production of over 35,000 ounces of gold in 2009 at a cash cost below $540 per ounce. The company has a large land position with exploration potential and targets increasing production to over 200,000 ounces per year through reserve and resource expansion and potential mill upgrades. Avion is led by an experienced board of directors and management team with a track record of building successful mining companies.
This document provides an overview of Calibre Mining Corp.'s gold, copper, and silver exploration projects in Nicaragua. Calibre has over 860 square kilometers of concessions in the prolific "Mining Triangle" that has produced over 7.9 million ounces of gold. Calibre has made a new porphyry gold/copper discovery at its Primavera project through drilling intercepts up to 261.7 meters grading 0.78 g/t gold and 0.30% copper. The company also has a 100% owned Riscos de Oro epithermal gold-silver project where drilling has returned intercepts up to 10.25 g/t gold and 288.25 g/
Alder Resources holds a 65% interest in the 33 square kilometer Rosita copper-gold-silver property in northeast Nicaragua. The experienced management team aims to discover large porphyry deposits at Rosita, which was a past producer and has an initial inferred resource. Nicaragua is a mining-friendly jurisdiction with a long history of production. The Rosita project is located in an emerging porphyry district near producing and developing copper-gold mines.
Murgor Resources Inc. is a mineral exploration company focused on projects in Ontario and Manitoba. It has an advanced gold project called the Golden Arrow in Timmins, Ontario that was previously mined in the 1980s. Murgor also has copper-gold projects in Flin Flon, Manitoba with over 1 billion dollars in estimated resources. The company is exploring additional early stage projects and maintains a 1% royalty on the Barry gold mine in Quebec. Murgor is well funded with $1.8 million in treasury and no debt, and partnerships provide exposure to additional exploration properties.
The document discusses Alder Resources' Rosita copper-gold-silver project in Nicaragua. Key points include:
- Rosita has a NI 43-101 compliant inferred resource of 8 million tonnes containing 108 million lbs of copper, 118,500 ounces of gold and 2.4 million ounces of silver in existing stockpiles.
- Historic mining produced 245 million lbs of copper, 160,000 ounces of gold and 2.6 million ounces of silver from open pits.
- Drilling has identified a 1.1 km long copper-gold-silver mineralized zone below the Santa Rita deposit that remains open.
- The project is located in a prolific mining district of Nicaragua near
This document provides an overview of Lago Dourado Minerals Ltd. and its Juruena gold project in Brazil. The Juruena project covers an extensive gold system where over 500,000 ounces have already been mined at surface through artisanal mining. Limited historic drilling was concentrated in existing mine workings and did not systematically test the entire mineralized system. Lago Dourado plans to conduct its first 12,000 meter phase 1 drilling campaign to better define the gold mineralization. The company is well financed having recently completed a $9.2 million IPO and has an experienced management team to advance exploration and development of the project.
- Quintessential Resources Ltd will present at its Annual General Meeting on November 21, 2011 at the Celtic Club in West Perth, Western Australia.
- Managing Director Paige McNeil will present on the company's activities and exploration plans.
- Quintessential is focused on exploring and developing mineral properties in Papua New Guinea, with a portfolio including projects prospective for porphyry copper and gold deposits.
Lago Dourado Minerals is exploring for gold in Brazil. The company's flagship project is the Juruena property, which hosts an extensive gold system with over 0.5 million ounces already extracted through artisanal mining. Drilling has commenced on an 18,000 meter campaign to test targets identified through soil and geophysical surveys. The company also has an option to acquire the Jauru gold project. Lago Dourado is well financed with $6 million in cash and an experienced management team. Upcoming catalysts include the ongoing drilling program and initial drill results expected in May 2011.
This document discusses Lago Dourado Minerals Ltd's exploration of gold deposits at its Juruena Project in Brazil. The project covers an extensive gold system where over 500,000 ounces have already been mined by artisanal miners. Phase I drilling is ongoing to test targets beyond the areas already mined. The company has an experienced management team and is well financed to advance exploration. Drilling will target large gold-in-soil anomalies that have not been tested by previous drilling, which focused only on areas of existing artisanal mining.
This document summarizes Lago Dourado Minerals' exploration project at the Juruena gold property in Brazil. The property hosts an extensive gold system with over 500,000 ounces mined at surface historically. Drilling commenced in December 2010 to test the largely untested property. The company is well financed with $9.2 million raised in an IPO to explore the property and advance other gold projects in the region.
- Alder Resources holds a 65% interest in the 33 km2 Rosita copper-gold project in northeast Nicaragua, located near emerging porphyry deposits.
- Drilling at the historic Santa Rita open pit and adjacent stockpiles has outlined an inferred resource of 7.95 million tonnes grading 0.62% copper, 0.46 g/t gold and 9.2 g/t silver.
- Exploration is targeting the potential for additional mineralization around the historic pits and at near-by porphyry prospects like Bambana, with an 8,000m drilling campaign planned through 2012.
This document provides an overview of Andean American Gold Corp. and its Invicta gold mining project in Peru. Some key points:
- Invicta is expected to produce an average of 97,931 ounces of gold annually over a 5-year mine life at a cash cost of $274.80 per ounce.
- The project has estimated reserves of 538,946 ounces of gold and a capital cost of $68 million to develop.
- Major shareholders include insiders, Richmond Capital LLP, Praetorian Capital Management LLC, and Trafigura Beheer B.V.
- Upcoming milestones include the start of construction in Q1 2011 and commissioning 12
The document discusses Alder Resources' Rosita copper-gold-silver project in Nicaragua. It summarizes that Alder has the option to earn a 65% interest in the historic Rosita project which has a NI 43-101 compliant inferred resource of 108 million pounds of copper, 118,500 ounces of gold and 2.4 million ounces of silver. Exploration at the project has identified a 1.1 km long copper-gold-silver mineralized zone at the Santa Rita deposit that remains open along strike and at depth. The project is located in an emerging copper-gold porphyry district in Nicaragua that has a stable, pro-mining government.
Marathon Gold is a Canadian gold exploration and development company rapidly growing its North American gold resources through low-cost and low-risk projects. The company currently has over 570,000 ounces of M&I gold resources and over 538,000 ounces of inferred gold resources across its Valentine Lake project and Golden Chest mine. Marathon Gold aims to add value by expanding its current resources through additional drilling and advancing its projects towards having over 1 million ounces of gold resources.
Marathon Gold is a Canadian gold exploration and development company rapidly growing its North American gold resources through low-cost and low-risk projects. The company currently has over 570,000 ounces of gold in the measured and indicated categories across its Valentine Lake project in Newfoundland and Golden Chest mine in Idaho, with an additional 538,000 ounces in the inferred category. Marathon Gold aims to add value by expanding its current resources through an ongoing drilling program and progressing its projects towards the million ounce scale while conserving capital.
The company presentation summarizes Avion Gold Corporation, a new gold producer in West Africa. Key points include:
1) Avion has acquired and commenced production at the Segala gold mine in Mali, targeting 55,000 ounces of gold production in 2009.
2) The company intends to expand production to 200,000 ounces annually by 2011 through developing its large land package in Mali.
3) Avion has assembled a significant asset base in Mali for less than $0.20 on the dollar, including an operating mill and infrastructure.
Seafield Resources Ltd. - Corporate Presentation - April, 2012sffresources
The document discusses Seafield Resources' advanced gold exploration project in Colombia. The project includes the Miraflores deposit located within Seafield's 100%-owned 6,757 hectare Quinchia Gold Project. Drilling at Miraflores has outlined a breccia pipe with over 1.9 million ounces of gold in measured and indicated resources. Metallurgical testing shows excellent average gold recoveries of over 90% for the mineralization. Seafield is well financed with $10 million cash and is exploring additional targets on its highly prospective and largely undrilled land package.
1. The document discusses forward-looking statements about a company's projections that involve known and unknown risks and uncertainties.
2. It provides an overview of the Invicta gold project in Peru, which is expected to begin production within 12 months of construction start and produce an average of 160,000 ounces of gold equivalent per year.
3. Measured, indicated, and inferred mineral resource estimates are presented for the Invicta project, with additional drilling planned to potentially extend the initial 5-year mine life.
Aura Minerals provides a summary of its projects in Brazil, Honduras, and Mexico. The company's portfolio includes producing gold mines in Honduras and Brazil, the Aranzazu copper-gold-silver project in Mexico which is scheduled to restart production in Q3 2010, and the Arapiraca copper-gold-iron ore project in Brazil which is advancing to feasibility. Aura is focused on growth through developing its projects, pursuing strategic opportunities, and executing its operational strategy to increase production and reduce costs.
Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 1: Africa Resources
Speaker: Simon Village, Banro Corporation
The document describes the Toroparu Gold-Copper Project located in the Cuyuni-Mazaruni Region of Western Guyana. It outlines a proposed multi-phase open pit mine development plan to extract 5.4 million ounces of gold equivalent from an average grade of 1.08 g/t over a 13-year mine life. The plan includes establishing the necessary infrastructure and permitting to bring the project into production by 2015. Exploration will continue to expand resources along strike and at satellite targets on the concession.
The document discusses the Toroparu Gold-Copper Project located in the Cuyuni-Mazaruni Region of Western Guyana. It notes that the project contains an estimated 9.8 million ounces of gold equivalent in measured and indicated resources. Infrastructure at the site includes a 225 km road to tidewater, a 2500 foot airstrip, a 120 person camp, 40 km of exploration roads, and a 300 KVa generator. Drilling and exploration continue to expand resources and identify new targets at the site.
Avion Gold Corporation is a new gold producer in West Africa with exploration upside. The company acquired over $100 million in assets including an operating mill and mining infrastructure for less than $0.20 on the dollar. Avion has achieved production of over 35,000 ounces of gold in 2009 at a cash cost below $540 per ounce. The company has a large land position with exploration potential and targets increasing production to over 200,000 ounces per year through reserve and resource expansion and potential mill upgrades. Avion is led by an experienced board of directors and management team with a track record of building successful mining companies.
1. The document discusses forward-looking statements about a company's projections that involve known and unknown risks and uncertainties.
2. It provides an overview of the Invicta gold project in Peru, which is expected to begin production within 12 months of construction start and produce an average of 160,000 ounces of gold equivalent per year.
3. Measured, indicated, and inferred mineral resource estimates are presented for the Invicta project, with additional drilling planned to potentially extend the initial 5-year mine life.
Avion Gold Inc. is a gold producer in Mali with plans to increase production from 75,000 ounces in 2010 to 200,000 ounces by 2012. The company acquired additional gold assets in 2010 that increased its total resource base to over 3.9 million ounces. Avion is significantly undervalued compared to its peers based on cash flow and net asset value multiples. Management intends to continue growing production and resources through exploration and development of its large land package.
Andean American Mining Inc. - Investor Presentation - July, 2010Andean American Gold
Andean American Mining is an emerging gold producer focused on its Invicta gold project in Peru. The project is fully permitted and funded, with production targeted for the second half of 2011. Invicta is expected to produce an average of 97,931 ounces of gold annually over a 5-year mine life at a low cash cost of $274.80 per ounce. Andean American also has a large portfolio of exploration properties in Peru that provide upside potential beyond the initial mine plan.
Andean American Mining is developing the Invicta gold project in Peru, with the goal of starting production in the second half of 2011. The project is expected to produce an average of 97,931 ounces of gold and 160,857 ounces of gold equivalent annually over its initial 5-year mine life. Capital costs are estimated at $65 million, to be funded through a combination of debt facilities. The technical report indicates strong economics, with an after-tax IRR of over 30% and payback period of less than 1 year at $900/oz gold. Management has extensive experience developing mining projects in Latin America.
Gold in Guyana is working to become a mid-tier gold producer in 2014. It owns the advanced Eagle Mountain gold project in Guyana, which contains an existing NI 43-101 resource of 188,000 ounces of indicated gold and 792,000 ounces of inferred gold. The company plans to commence production at Eagle Mountain in 2014 after completing feasibility studies and permitting.
Gold in Guyana is working to become a mid-tier gold producer in 2014. It owns the advanced Eagle Mountain gold project in Guyana, which contains an existing NI 43-101 resource of 188,000 ounces of indicated gold and 792,000 ounces of inferred gold. The company plans to commence production at Eagle Mountain in 2014 after completing feasibility studies and permitting.
Gold in Guyana is working to become a mid-tier gold producer in 2014. It owns the advanced Eagle Mountain gold project in Guyana, which contains an existing NI 43-101 resource of 188,000 ounces of indicated gold and 792,000 ounces of inferred gold. The company plans to commence production at Eagle Mountain in 2014 after completing feasibility studies and permitting.
- QMX Gold Corporation owns the Snow Lake Mine gold production and exploration property located in Manitoba's Snow Lake mining district.
- A 2010 feasibility study outlined average annual gold production of 83,000 ounces over a 5-year mine life at cash costs of US$640/ounce.
- A recent internal review identified potential changes that could increase cash costs to US$825/ounce, including expanding the man-camp and operating equipment via leases rather than purchases.
QMX Gold Corporation owns the Snow Lake Mine and Lac Herbin Mine gold properties in Manitoba and Quebec, Canada. A 2010 feasibility study outlined plans to restart production at Snow Lake Mine based on proven and probable reserves of 451,900 ounces of gold over a 5-year mine life. A recent internal review identified potential changes to the feasibility study assumptions that could increase cash costs to US$825 per ounce from the original estimate of US$640 per ounce.
QMX Gold Corporation owns the Snow Lake gold mine and Lac Herbin gold mine. A feasibility study for the Snow Lake mine outlined an after-tax IRR of 79% and payback period of 1.7 years producing an average of 83,000 ounces of gold per year over a 5 year mine life. QMX also announced a planned $45 million debt facility to finance the Snow Lake project with an interest rate of LIBOR + 5.5% before commercial production. Mineral reserves for Snow Lake are estimated at 451,900 ounces of gold and resources are estimated at 728,000 ounces measured and indicated and 336,700 ounces inferred.
Growing a Balanced Gold Mining Company discusses Alexis Minerals Corporation's plans to grow its gold mining operations in a balanced way. It owns the Snow Lake Mine in Manitoba, which recently had an updated feasibility study showing potential average annual production of 83,000 ounces of gold over a 5 year mine life at cash costs of $640/ounce. It also owns other gold and base metals exploration properties in Quebec. The document provides details on Alexis' existing mining infrastructure at Snow Lake and the positive economics demonstrated in the feasibility study, outlining its path to restarting production.
The document summarizes the Toroparu Gold-Copper Project located in Western Guyana. It describes:
1) The project has a measured and indicated resource of 4.3 million ounces of gold-equivalent and an inferred resource of 5.5 million ounces.
2) Sandspring Resources has established infrastructure at the site including roads, an airstrip, camp, and power that provide access for continued exploration and development.
3) The company plans to continue expanding resources through drilling and has a preliminary mine plan outlined to produce an average of 275,000 ounces of gold and 21 million pounds of copper annually over the life of the mine.
- Alder Resources holds a 65% interest in the 33 km2 Rosita copper-gold project in northeast Nicaragua, located in an emerging porphyry district.
- Historical mining at Rosita produced 245 million pounds of copper, 160,000 ounces of gold, and 2.6 million ounces of silver from two open pits.
- Alder's exploration is focused on mineralization near the pits, copper stockpiles, and the under-explored Bambana porphyry target. Drilling will total 8,000 meters in 2012 aimed at defining initial resources.
- Initial drilling results have been encouraging at Santa Rita pit, where copper and gold mineralization appears continuous between stacked lenses and remains open.
The document summarizes the Toroparu Gold-Copper Project located in Western Guyana. It describes the project's large gold and copper resource of over 9 million ounces, potential to expand resources through ongoing exploration, and preliminary plans to develop an open-pit mine producing an average of 275,000 ounces of gold and 21 million pounds of copper annually over a 13-year mine life. The project benefits from good infrastructure and is led by an experienced management team with a track record of building and operating mines in the region.
- Alder Resources has the right to acquire a 65% interest in the 33 km2 Rosita copper-gold project in northeastern Nicaragua, located in an emerging porphyry district.
- The Rosita project has potential for the discovery of a large porphyry deposit based on its location and past production history, including 245 million lbs of copper and 160,000 oz of gold recovered from two open pits.
- Alder's focus is on defining resources at the Santa Rita stockpiles and in-situ mineralization at the Santa Rita and R-13 pits, as well as exploring the potential of the Bambana porphyry target.
2. Forward-Looking Statements and Cautionary Notes
Forward-Looking Statements
All statements made in this presentation, other than statements of historical fact, constitute forward-looking statements. The actual results of Aura Minerals may differ
significantly from those anticipated in the forward-looking statements and readers are cautioned not to place undue reliance on these forward-looking statements. Except as
required by securities regulations, the Company undertakes no obligation to publicly release the results of any revisions to forward-looking statements that may be made to reflect
events or circumstances after the above-stated date or to reflect the occurrence of unanticipated events.
Forward-looking statements include, but are not limited to, statements with respect to the future price of copper, gold, nickel and iron ore, the estimation of mineral reserves and
resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the
development of new deposits, success of exploration activities, permitting time lines, currency fluctuations, requirements for additional capital, government regulation of mining
operations, environmental risks, unanticipated reclamation expenses, title disputes or claims, limitations on insurance coverage and the timing and possible outcome of litigation.
In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”,
“estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or state that certain actions, events or results
“may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements involve known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied
by the forward-looking statements. Such factors include, among others, risks related to the integration of acquisitions; risks related to international operations; risks related to joint
venture operations; actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future
prices of copper, gold, nickel and iron ore; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated;
accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction
activities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-
looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-
looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements.
Disclaimer
Aura Minerals Inc. ("Aura Minerals") ("Aura Minerals" or the "Company") is a Canadian company and a reporting issuer in the Province of British Columbia and the Province of
Ontario, Canada. The Company has taken all reasonable care in producing and publishing information contained in this presentation, and will endeavor to do so regularly.
Material in this report may still contain technical or other inaccuracies, omissions, or typographical errors, for which Aura Minerals assumes no responsibility. Aura Minerals does
not warrant or make any representations regarding the use, validity, accuracy, timeliness, completeness or reliability of any claims, statements or information in this presentation.
Under no circumstances, including, but not limited to, negligence, shall Aura Minerals be liable for any direct, indirect, special, incidental, consequential, or other damages,
including but not limited to loss of profits, whether or not advised of the possibility of damage, arising from use, or inability to use, the material in this presentation. The information
herein is not a substitute for independent professional advice before making any investment decisions. The information in this presentation may be superseded by subsequent
disclosures.
This presentation presents a review of Aura Minerals' proposed acquisition of projects in Brazil and Honduras, and of its existing projects in Brazil and Mexico. Readers are
cautioned that Aura Minerals’ existing projects in Brazil and Mexico are at an early stage of exploration and production, respectively, and that estimates and projections contained
herein are based on limited or incomplete data. More work is required before the mineralization on the projects and their economic aspects can be confidentially modeled.
Therefore, the work results and estimates herein may be considered to be generally indicative only of the nature and quality of the projects. Estimates and projections relating to
the projects Aura Minerals proposes to acquire are based on data published by Yamana Gold Inc. No representation or prediction is intended as to the results of future work, nor
can there be any promises that the estimates herein will be confirmed by future exploration or analysis, or that the projects will otherwise prove to be economic.
The Toronto Stock Exchange has not reviewed the information in this presentation and does not accept responsibility for the adequacy or accuracy of it.
TSX:ORA 2
3. Corporate Update
• Creation of new intermediate gold producer through acquisition of three
producing gold mines
• Closed acquisition of the San Andres Gold Mine (Honduras)
– Closing of acquisition of Sao Francisco and Sao Vicente Gold Mines (Brazil),
expected in Q1/2010
– Average annual production of 220,000 oz. gold (Au) anticipated for the next five
years from these three mines
– Ongoing work at all three operations to increase production and reduce cash costs
– Large resource base with excellent potential to add to current reserves
• Updated resource estimate for Aranzazu Project (Mexico); planned restart of
mine in Q2/2010 which will add to production base and further reduce overall
mine site cash costs
• Excellent expansion upside over longer term at Aranzazu – drilling now
commenced to test depth potential
• Completed Preliminary Economic Assessment of Arapiraca Project (Brazil);
demonstrates robust economics
TSX:ORA 3
4. Post-Acquisition Capital Structure
Share Structure Pro-forma1
Issued and outstanding shares 205 mm
Fully diluted 218 mm
Ownership Pro-forma1
Management and insiders 28%
Institutional 45%
Yamana Gold 10%
Financial Pro-forma1
Cash (approximately) US$100 mm
Long-term debt US$70 mm
1 Pro Forma Shares on completion of the Acquisition includes 14 million shares to be issued
to Yamana Gold Inc. on closing of Phase 2 of the Acquisition. Pro Forma Cash on
completion of the Acquisition includes payment of US$56 million to Yamana Gold Inc. on
closing of Phase 2 of the Acquisition.
TSX:ORA 4
5. Gold Production Growth in 2010
San Andres Gold Mine
Aranzazu Copper-Gold-Silver
• Targeting greater than 90,000 oz of Au in 2010 at a Project, Mexico
cash cost of less than $500/oz Au
San Andres Gold Mine,
Honduras
Sao Francisco Gold Mine
• Targeting 90,000 oz of Au in 2010 at a cash cost of Inaja Project, Brazil
Sao Vicente (Under option
approximately $600/oz Au agreement to Vale)
Gold Mine,
Brazil
Sao Vicente Gold Mine
• Targeting 55,000 oz of Au in 2010 at a cash cost of
approximately $600/oz Au Sao Francisco
Gold Mine,
Aranzazu Copper-Gold-Silver Project Brazil
• Targeting restart in Q2/2010 with annualized production
of 25 mm lbs Cu and 16,000 oz Au eq. at cash costs of
below $1.00/lb Cu
Arapiraca Copper-Gold-
Arapiraca Copper-Gold- Iron Ore Project Iron Ore Project,
Operations Brazil
• Advancing to feasibility and reviewing strategic
Advanced development
alternatives
Exploration
TSX:ORA 5
6. 2010 Strategic Focus
2010 Objectives Timeline
• Increase production at San Andres Gold Mine through commissioning of Q1/2010,
new crusher/conveyor system and operational improvements, with ongoing
corresponding reduction of cash costs
• Integrate Sao Francisco and Sao Vicente Gold Mines and identify key 2010
cost reductions and throughput and gold recovery improvement
opportunities
• Re-start Aranzazu Project and implement staged production increases Q2/2010
• Test depth potential at Aranzazu as part of a major expansion program Q1/2010
• Advance development of Serrote Deposit (Arapiraca Project) to Q3/2010
feasibility study level
• Continue to evaluate strategic opportunities focused on private or Ongoing
undervalued production or advance stage development gold projects
TSX:ORA 6
8. San Andres Gold Mine
Forecast • Approximately 70,000 oz. of gold production for 2009
Production • Long term production of greater than 80,000 oz. of gold expected annually
at an average cash cost below US$500/oz Au for a 7-year mine life
Capital • New crusher/conveyor line to increase throughput and to reduce haulage
Projects and operating costs
• Power connection with the national grid in evaluation
• Continuous gold mineralization between current mining operations at East
Ledge and the proposed mining operations at the Twin Hills zones are
expected to increase gold production
Category Tonnage (tonnes) Grade (g/t Au) Contained Metal (oz Au)
Total P&P Reserve 31,122,000 0.63 734,000
Total M&I Resource 120,511,000 0.60 2,328,000
Inferred Resource 4,704,000 0.79 120,000
Note: Resources are inclusive of reserves
TSX:ORA 8
9. San Andres - Operational Improvements
• Full integration of new mining contractor on site
– Has led to a substantial increase in month-over-month mine production in
Q3/2009
• Focus on solution management
– Has led to highest monthly gold production during a rainy season month
(6,983 oz. produced in October 2009)
• Construction continuing on the new primary crusher/conveyor system
– Will significantly reduce haulage distances and increase throughput
• Commencement of metallurgical testwork on site
– Will optimize gold leach cycle and reagent dosage to increase recovery
• Implementation of a new stacking and leaching plan
– Will optimize gold recovery and reduce cash costs
TSX:ORA 9
10. San Andres - Operational Improvements
• Mechanical completion of
the crusher in November
2009, with completion of the
conveyor system in Q1/2010
• Leach pad Phase IV
expansion and Retention
Pond 6 projects approved
for 2010
TSX:ORA 10
11. San Andres – New Crusher Location – Increase
Throughput and Reduce Cash Costs
Current
New
TSX:ORA 11
12. Sao Francisco Gold Mine
Operating • Producing since 2006
History • Gold production of 76,000 oz. in 2008 at cash cost of US$629/oz.
Forecasted • 75,000 to 85,000 oz. of gold production in 2009
Production • +/- 90,000 oz. of gold production in 2010
Capital • New mine plan implemented in 2008; improvements included better ore
Projects grade estimation and new geological modeling
• New mine fleet in place June 2009 – improved productivity and efficiency
• Enhanced mine productivity and cost reduction focus will continue in 2009 –
gravity plant, heap metallurgy and mine planning
Category Tonnage (tonnes) Grade (g/t Au) Contained Metal (oz Au)
Total P&P Reserve 31,882,000 0.71 727,000
Total M&I Resource 45,150,000 0.69 1,007,000
Inferred Resource 751,000 0.80 19,000
Note: Resources are inclusive of reserves
TSX:ORA 12
13. Sao Francisco – Key Focus in 2010
• Improve grade control through changes to drilling and blasting practices
• Increase throughput of current crushing plant for improved recoveries
• Investigate potential to crush low grade dump leach ore to significantly
improve recoveries
• Improve heap operational parameters, including lime and cyanide
consumption
• Reconfigure and improve recovery of gravity circuit
• Evaluate reprocessing of existing tailings
TSX:ORA 13
15. Sao Francisco – Gold Mineralization
Above (left): Nuggets associated with Above (right): In quartz veins – massive
quartz veins or microscopic crystals and irregular grains, 1mm to 5mm in size.
associated with sericitic bands and Occurs in lamelar grains.
sulphides.
TSX:ORA 15
16. Sao Francisco – Current Circuit
Crushing Plant Gravity Plant
Crushing Plant, Secondary and Tertiary
TSX:ORA 16
20. Sao Vicente Gold Mine
Operating • Commenced commissioning December 2008
History • Commercial production achieved in Q3/2009
Forecasted • 40,000 to 50,000 oz. of gold production in 2009
Production • 50,000 to 55,000 oz. of gold production in 2010
• Estimated mine life of at least five years
• Potential for further upside through continued mine exploration
• 2010 focus – process plant, heap and metallurgy improvements, mine
exploration to convert additional resources to reserves
Category Tonnage (tonnes) Grade (g/t Au) Contained Metal (oz. Au)
Total P&P Reserve 16,018,000 0.65 335,000
Total M&I Resource 25,482,000 0.74 605,000
Inferred Resource 3,623,000 0.87 101,000
Note: Resources are inclusive of reserves
TSX:ORA 20
21. Sao Vicente – Key Focus for 2010
• Conduct program of definition and expansion drilling to increase resource
base
• Review of current process plant for potential modification to significantly
increase recovery (grinding vs. gravity)
• Drill nearby targets identified for increased production
• Evaluate potential for reprocessing of historic dredge tailings
TSX:ORA 21
23. Aranzazu Copper-Gold-Silver Project
• Limited operating history under previous owner
History • Basically no exploration on property from early’80’s to 2007
• Located in centre of what appears to be a major copper gold silver district
Forecast • Planned re-start Q2/2010 at 2,600 tpd
Production • Planned run rate production of +25 mm lbs copper, +12,000 oz gold and
+250,000 oz silver – excellent upside on gold and silver production
• Stage 2 – next increase to 3,000 tpd
• By-product gold and silver contributes to low projected cash costs below
US$1.00 per lb copper
Capital • Estimated capex of approximately US$20 mm in 2009/10
Projects • Mine development and mill upgrades commenced October 2009
Category Tonnes Grade (Cu Grade Grade Cu Au
%) (Au g/t) (Ag g/t) (mm lbs) (000 oz.)
Total M&I Resource 12,847,000 1.34 0.50 11.87 379 207
Inferred 3,217,000 1.17 0.28 6.44 83 29
Note: Resources at a 0.8% Cu only cut-off
TSX:ORA 23
30. Aranzazu Project – Large Resource with
Exploration Upside
Deep High Grade
Intercepts
Red – 0.5% Cu grade shell
Black – mined out stopes and underground workings
Grey - untested
TSX:ORA 30
31. Aranzazu Copper-Gold-Silver Project
Exploration • Only 50% of drill holes in database were assayed for gold
Upside • Precious metals grades are likely to improve with additional drilling
• Large resource base, open at depth
• 2010 drill program planned to target +50 million tonnes at lower Cu cut-off
(0.5% Cu) – if successful, will be the basis of a feasibility study on a larger
underground operation (potential sub-level caving)
November 2009: Resources at a 0.5% Cu only cut-off:
Category Tonnes Grade Grade Grade Cu Au
(Cu %) (Au g/t) (Ag g/t) (mm lbs) (000 oz.)
Measured 2,690,000 1.04 0.47 9.99 65 45
Indicated 21,121,000 1.01 0.39 8.96 470 265
Total M&I Resource 24,082,000 1.01 0.40 9.09 535 310
Inferred 8,674,000 0.82 0.18 4.39 157 50
TSX:ORA 31
33. Aranzazu Project – Major Surface and
Underground Drill Program Planned for 2010/11
TSX:ORA 33
34. Aranzazu Targets
El Cobre Target
La Apuesta
Sedimentary
Target
Aranzazu
Strike
Extensions
TSX:ORA 34
35. Arapiraca Project – Feasibility Stage
Copper-Gold-Iron Ore Deposit
Forecasted • Preliminary Economic Assessment completed September 2009, considers commissioning
Production Q4/2012
• Average annual production of 137 mm lbs copper, 27,000 oz. gold and 1.3 mm tonnes of
magnetite concentrate grading 67% Fe
• Low projected cash costs of US$0.65 – US$0.82 per lb of copper (net of by-products)
Capital • Capex US$490 million
Projects • Construction permit received August 2009 – now fully permitted
• Potential to enhance project economics with addition of oxide plant to produce an
additional 20 mm lbs copper cathode per annum
• Excellent infrastructure – access to roads, railway, ports, towns
Resources • Preliminary Economic Assessment does not consider additional resources at Caboclo
Deposit (drilling underway) – resource estimate update for Caboclo Deposit Q2/2010
Grade Grade Grade Cu Au
Mineral Resources Tonnes (Cu %) (Au g/t) (Fe %) (mm lbs) (mm oz.)
Serrote Total M&I Resource 195,727,000 0.49 0.09 15.46 2,139 0.57
Serrote Inferred 31,181,000 0.49 0.09 13.93 337 0.09
Caboclo Total M&I Resource 7,587,000 0.57 0.16 19.34 95 0.04
Caboclo Inferred 4,616,000 0.57 0.11 14.24 58 0.02
TSX:ORA 35
36. Preliminary Economic Assessment Highlights
Arapiraca Project Years 1 to 3 Life of Mine
Mill Feed (Note 1) 40.2 million tonnes 169.6 million tonnes
Strip Ratio (Note 2) 3.7 to 1 3.12 to 1
Copper Grade 0.60% 0.51%
Arapiraca Project:
Gold Grade 0.103g/t 0.09g/t
Iron Grade 17.6% 14.8% Demonstrates
Copper Recovery 85% 85% Potential for Strategic
Gold Recovery 65% 65% Partnerships
Magnetite Recovery (Note 3) 92% 92%
Copper Production 155M lbs per annum 137M lbs per annum
Gold Production 29,750 oz per annum 26,850 oz per annum
Iron in Magnetite 874,000 tonnes per annum 767,000 tonnes per annum
Total Cash Cost per Pound Copper (Note 4) $0.65 $0.82
Project Total
Capital Costs $US 490M
Sustaining Capital Costs $US 76M
Mine Life 12 years
Economics – Post Tax (Note 5)
NPV@8% $US 417M
Note 1 Mined and processed resource is 92% classified as Measured and Indicated. In-pit Inferred
NPV@10% $US 325M resources amount to 8% of the total in-pit resources, and are mined at the end of the mine life.
Note 2 Strip ratio includes oxide material which may be processed by heap leach not considered in the
NPV@12% $US 250M Preliminary Economic Assessment
Note 3 Average magnetite concentrate production is estimated at 1.3 million tonnes per annum grading
IRR 25.4% 67% relative to an 11% mass pull for Fe
Payback 2.8 Years Note 4 Total cash cost per pound of copper includes treatment and transportation costs and royalties, as
well as by-product credits for sales of gold and iron ore
Note 5 Commodity prices assumed for financial analysis are US$2.00/lb Cu, US$800/oz Au, and
US¢85/dmtu Fe fines
TSX:ORA 36
38. Compelling Valuation: Comparable Analysis
P/NAV1,2 AMC/P&P Recoverable Reserves1,3,4
1.60x $2,500
1.42x $2,173
1.40x 1.34x
$2,008
AMC / P&P Recoverable Reserves
$2,000
1.20x 1.07x
P / NAV
1.01x 0.97x 0.97x
1.00x $1,500
0.84x
(US$/oz Au)
0.75x
0.80x 0.67x
0.60x $1,000
$746 $701 $696
0.40x $470 $403
$500 $348
0.20x $170
0.00x $0
Minerals
Minefinders
Northgate
Minerals
Wheaton
Golden Star
Gammon
Golden
Wheaton
Northgate
Alamos
New Gold
Red Back
Minefinders
Gammon
New Gold
Alamos
Red Back
Minerals
Minerals
Gold
Mining
Gold
Mining
Aura
Star
Aura
Gold
Gold
Gold
Gold
2010E Production Price to Cash Flow 2010E1,2
600 13.3x
14.0x
511
500 12.0x
430
10.1x
Production 2010E (Au 000oz)
P/CF 2010E
400 10.0x 9.1x
344
325 317
8.0x 7.2x
300 6.5x
237 5.9x
185 6.0x 4.8x
200 167
3.8x 3.5x
4.0x
100 78
2.0x
0
0.0x
Northgate
Wheaton
Minerals
Minefinders
Golden
New Gold
Alamos
Red Back
Gammon
Minerals
Northgate
Wheaton
Minefinders
Minerals
Gold
New Gold
Golden
Alamos
Mining
Red Back
Gammon
Star
Minerals
Aura
Gold
Gold
Gold
Mining
Star
Aura
Gold
Gold
1. Share Price Information as at February 5, 2010
2. NAV based on a 5% discount rate and the following Canaccord Adams Research forecasts for gold prices: US$1,250/oz in 2010, US$1,100/oz in
2011, US$1,000/oz in 2012, US$900/oz in 2013 and US$850/oz in 2014+
3. Aura Minerals market capitalization on a pro-forma basis includes 14 million shares to be issued to Yamana Gold Inc. on closing of Phase 2 of the
Acquisition TSX:ORA 38
4. AMC = Basic market cap + net debt + working capital + estimated capex
Source: Canaccord Adams Research
39. Positioned for Growth
• Gold production continues to generate cash flow in 2010
– Sao Francisco and Sao Vicente Gold Mines expected to close in Q1/2010
– Aranzazu Project to re-start operations in 2010
• Operational plan promotes increased organic growth through mine
improvements and expansion potential
– Initiatives in place for improved efficiencies at all operations
• On-going evaluation of strategic initiatives focused on long-term growth
– M&A activity centred on private or undervalued assets
TSX:ORA 39
40. Aura Minerals Inc.
P.O. Box 10434 - Pacific Centre
777 Dunsmuir Street, Suite 1950
Vancouver, BC V7Y 1K4
TEL: 604-669-4777 FAX: 604-696-0212
EMAIL: info@auraminerals.com
www.auraminerals.com
TSX:ORA
TSX:ORA 40
41. Gold Mine Acquisition Summary
• Agreement to acquire a 100% interest in three gold mines from Yamana Gold
Inc. in June 2009 (the Acquisition)
– Closed the San Andres Gold Mine in August 2009 (Phase 1)
– Awaiting regulatory approval of Sao Francisco and Sao Vicente Gold Mines
(anticipated in Q1/2010 – Phase 2)
• Consideration includes the following:
– US$40 million in Aura Minerals stock at closing at a deemed price of C$2.00/share
– US$90 million in cash, paid in two tranches
– US$70 million in a 3 year promissory note
– Contingent consideration up to a maximum of US$40 million, based on operations
generating net free cash flow above certain milestones
• All net free cash flow generated from Sao Francisco and Sao Vicente Gold
Mines prior to closing will accrue to Aura Minerals in form of purchase price
adjustment
TSX:ORA 41
42. Arapiraca Project - Large Land Position –
Over 177,000 Hectares
New Claims
Paved Roads
Railway
Original
Claims
Town of Arapiraca
TSX:ORA 42