Company Profile
Mundo Minerals is focused on pursuing gold production opportunities in South America with a particular focus on Brazil and Peru. Mundo Minerals is seeking to establish multiple resource projects to ensure a sustainable production and profit profile.
Mundo Minerals has assets and strategies that will deliver both near term and emerging production assets creating sustainability in production growth and associated cash flows which will assist in the development of the Companies asset profile in South America.
The Engenho gold project in Brazil is currently being developed and it is expected that this asset will produce approximately 30,000 ounce of gold per year from quarter 2, 2008. The mine life based on the current resource is approximately 10 years with significant potential to increase the resource base from this asset.
The Torrecillas gold project in Peru is entering the feasibility stage and the Company focus over the next two years is to develop the resource to a stage where this project is the second sustainable production asset for Mundo Minerals. This project contains a number of narrow mineralised veins and the focus in the next phase is to develop along a number of these veins to expose where the mineralisation occurs and delineate a resource base to allow commercial production to be commenced. These mineralised veins are high grade and the aim is to develop an initial production profile from this asset of approximately 50,000 ounce of gold per annum.
The Tocantins gold project in Brazil is a joint venture where Mundo Minerals can earn up to 80% equity in any resource discovered on the joint venture tenements. This joint venture is focused on a significant greenstone belt structure in central Brazil This region has an extensive history of near surface mining activity but has largely been unexplored using modern exploration techniques. The joint venture tenements cover a substantial portion of the greenstone belt and it is considered that this region has significant potential to host a number of medium sized gold deposits. Mundo Minerals has a dedicated exploration team focused on this joint venture and a systematic approach to exploration is being undertaken to maximize the potential to develop a substantial production profile from this asset.
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