Mundo Minerals Limited has been established to identify, assess and develop gold projects in South America . The Company has identified a number of assets that it believes will underpin the short term development of the Company and will develop into sustainable cash flow sources within the short to medium term allowing the Company to manage growth strategies on a self sustaining basis.

 

Corporate Goals

To develop a medium sized production house acquiring advanced staged exploration or production assets that have significant potential to develop into sustainable profit centres for the company. The assessment of the ongoing development of the assets should be determined by the potential for each asset to develop into commercially exploitable production assets.

To ensure that the company is adequately funded to allow for a professional and commercial assessment of; and ultimate development of the corporate assets.

To ensure that there is an appropriately experienced board with a relevant mix of technical skills to provide strategic guidance to the company.

To ensure that the company has a well qualified technical team that is focussed on assessing and developing the company's assets under a focussed management approach.

To ensure that there is an achievable and measurable development programme for the development of the assets.

To ensure that the investment market is appropriately educated about the corporate goals and development of the assets that allows for appropriate value to be attributed to the company as the asset development progresses.

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Corporate Culture

To approach the development of the company assets using sound business principles based on an assets potential to deliver sustainable production and appropriate financial returns aligned with a medium sized production house but without the beaurocratic functions that restrict the companies ability to assess and pursue opportunities, recognising that appropriate governance protocols must be observed.

A commitment to recruiting and retaining a well qualified and motivated technical team that is focussed on developing a profitable and growing asset base that delivers premium returns to shareholders. A corporate culture that rewards performance of the technical team for delivering premium returns to shareholders and provides a career path that encourages continuous commitment, challenge and professional satisfaction within a team environment.

A leadership group that encourages the team to challenge the boundaries of technical success while maintaining an environment of commercial and corporate accountability.

A focus on delivering premium profits from all asset development.

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Profile of Company Assets

In order for Mundo Minerals to develop into a sustainable and growing corporation, it need to have an appropriate mix of assets. Mundo Minerals has separated its asset groupings according to the advanced stage each asset is assessed to be at. These assets will change focus as the stage of development alters and the risk profile of the asset as better understood. This can be shown in the following illustration together with a broad summary of the Company asset profile.

Exploration Assets Potential to move into development phase with diligent exploration	Development Assets Potential to deliver significant production in the medium term	Production Assets Near term sustainable profits
Brazilian assets Tocantins Joint Venture. Mundo has the right to earn 80% equity in any resource discovered. Joint Venture covering three Greenstone Belts Target resource multiple medium size ore bodies. Dedicated exploration team and focus to maximise potential for developing a number of production assets from this joint venture.	.Peru Torrecillas Gold Project Numerous high grade narrow mineralised veins. Development work commencing second half of 2007 to delineate resource with the aim of moving to production stage by 2010. Target production minimum of 50,000 ounces per annum.	Brazil Engenho Gold Project Hard rock resource 1.8 m/t @ 5.59 g/t 10 year minimum mine life at approx. 30,000 ounce per annum Production commencing second quarter 2008.

 

There are four asset groups that the Company needs to have in it's portfolio at any time. These can be summarised in the following categories:

• Production based assets that can deliver sustainable profits in the near term.
• Development assets that have the potential to deliver significant production profiles within the medium term.
• Exploration assets that have the potential to develop multiple resources that can be moved into the development asset status over a period of time through diligent exploration. These assets will be more fluid than the first two groups. Once exploration has determined exploration potential, a focussed exploration programme needs to be developed and implemented. Once exploration potential has been downgraded from having the ability to reach the corporate goals, the exploration should be ceased and the properties dropped or joint ventured to companies that have a different asset retention hurdle than Mundo Minerals.
• New project assessment which will further enhance the Companies portfolio of assets to deliver a strategy of sustainable growth. South America has substantial potential to deliver emerging resource assets that can deliver strong mine life and associated cash flows. In addition to developing the existing assets of the Company, Mundo Minerals will utilize the resources of it’s technical team to assess now project opportunities as they become available with the objective of increasing the Companies portfolio of assets that have the potential to deliver production in the near to medium future.

 

Further details of the Company asset base can be viewed under the Projects section.

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