Investor Presentaiton
TAHUEHUETO PROJECT SUMMARY
A
Property
Location
Mineralization
P&P Reserves¹
M&I Resources¹
Mining Method
Processing
Commercial Production
EBITDA
+10 year
mine life based on reserves
28 mining concessions totalling 7,492 ha
Durango State within the prolific Sierra Madre Belt
Au-Ag epithermal veins and breccias with Pb-Zn-Cu
3.6M tonnes at 2.55 g/t Au (4.92 g/t AuEq) | Contains 356K oz Au (613K oz AuEq)
6.3M tonnes at 2.11 g/t Au (4.44 g/t AuEq) containing 425K oz Au (886K oz AuEq)
Underground: PFS - primarily sub-level long-hole open stoping and some cut and fill
Stage I-500tpd, Stage II - 1,000 tpd, flotation
Estimated end 2023
Average EBITDA 2024 (commercial production) US$ 2.2m per month
+18 year
mine life based on resources
27k oz
Annual Average Gold Payable
over first 6 years of production
1,000 tpd
Current Pre-Production average 300tpd
41k oz AuEq
per year over first 6 years
US$855/oz AuEq
All In Sustaining Cost (AISC) over Life of
Mine 2
1.
2.
M&I Resources include Reserves. See appendix for a breakdown of reserves and resources as well as underlying assumptions
Refer N143-101 Technical Report "Preliminary Feasibility Study - Tahuehueto Project", April 2022.
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