Gold/Silver Development Project Cerro del Gallo, Guanajuato, Mexico - 2 stage – Heap Leach & CIL
? ~100,000oz p.a Au Eq over 14 yr LOM, Strip ratio 0.74:1
?57% IRR, $US292M Net Cash Flow 1st stage only Heap Leach feasibility 1 With Est. $US410M Net Cash Flow 2nd stage dual CIL & HL
?End of Q1/2012 - Definitive Feasibility Study expected on 1st Stage ( 1 Based on LT Metal Prices of $US1,293Au/$US23.87Ag as reported in April 2011 NI43-101) Active Exploration
Namiquipa Silver/Lead/Zinc, Chihuahua, Mexico
?2.5 km linear strike identified by initial exploration ?Significant historic production & high grade drill results (2011) Espiritu Santo Gold/Silver, Jalisco, Mexico (new acquisition Oct. 2011)
?Greenfield prospect – 3 x 2 km of veined strike area identified
?Reconnaissance exploration and drill target identification Mt Isa - Mt Philp Iron Haematite, Qld, Australia ?19.1Mt @ 41% FE (38% Si02) Indicated + ?11.4Mt @ 34% Fe (48% Si02) Inferred ?Potential 68% Fe Recovery, post simple beneficiation
CJO Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
