Geologia, Desenvolvimento e Viabilidade Econômica do
Transcription
Geologia, Desenvolvimento e Viabilidade Econômica do
Geologia, Desenvolvimento e Viabilidade Econômica do Projeto Tocantinzinho (Provincia Aurífera do Tapajos, PA) SIMEXMIN May 22nd 2012 Kişladağ mine, Turkey Eastern Dragon, China Tocantinzinho, Brazil Efemçukuru TZ,mine, BrazilTurkey Perama Hill, Greece 1 www.eldoradogold.com Jinfeng, China Tocantinzinho Kişladağ, Turquia www.eldoradogold.com 2 ELDORADO GOLD CORPORATION Canada BRAZAURO RESOURCES CORPORATION CANDALARIA HOLDINGS LTD. BRAZAURO RECURSOS MINERAIS LTDA UNAMGEN MINERAÇÃO E METALURGIA S/A Brazil 3 www.eldoradogold.com 4 Market Cap US$ 9.6 B (May 5th 2012) www.eldoradogold.com 5 Tocantinzinho region US$ 11.4 M Project generation US$ 2.6 M www.eldoradogold.com 6 Acesso de Moraes de Almeida à Tocantinzinho Extensão: 102 km Investimento: US$ 16 milhões LT de Novo Progresso à Tocantinzinho 138 kV – 25 MW 200 km Investimento de US$ 32 milhões www.eldoradogold.com 7 www.eldoradogold.com 8 Batalha Bom Jardim Cuiu-Cuiu Tocantinzinho Ouro Roxo Piranhas Agua Branca Palito 30 Km www.eldoradogold.com 9 Paruari Fluids 1 1 www.eldoradogold.com 10 Tapajos Land Position 110.000 ha Land position (TZ, AB, PI) 400.000 ha Applications Tapajos Overview 11 TZ Drilling Tocantinzinho Camp TZ Logistics TZ Hidrological Study Efemçukuru TZ,mine, BrazilTurkey Total Exploration Expenditure: US$ 50,200,000 (US$ 90M at 5%/year) Current resources: 2.4 [email protected] g/t (US$ 20-35/resource oz) Total drilling: Core samples: Soil samples: Auger samples: Metallurgical samples: Geophysics (IP): 70,100 m 39,600 5,600 2,900 1,300 45 Km www.eldoradogold.com 12 Tocantinzinho Tocantinzinho Deposit Granite-hosted, intrusion-related, disseminated, low grade/bulk tonnage gold deposit M&I resource of 2.4 million ounces @ 1.06 g/t gold Regionally, mineralization associated with NW-trending Tocantinzinho Trend On a district scale, mineralization occurs in a structurally favorable site in the periphery of the nearby Maloquinha intrusion 2011-2012 Program Exploration efforts focused on targets peripheral to deposit, within ~5km radius Focused on Tocantinzinho Trend and geophysical/geochemical targets 2011 Work Completed 17,270 metres of diamond drilling in 56 holes 2,800 metres of auger drilling in 146 holes 3,000 soil samples covering 47 km2 800 metres of tailings delineation drilling in 57 holes Total Expenditure of $11.4M for 2011 13 Mid 80’s to mid 90’s: Intense garimpo activity. 1997-1998: ALTORO’s soil, auger and channel sampling: - NW trending >200 ppb Au soil anomaly with 1,000 x 500 meters; - Channels intercepts 38 m @ 2.68g/t Au 2004: Jaguar Resources started a drilling program: - DDHoles 01 and 04 discovered the Tocantinzinho - Intercepts 91.90m @ 1.01g/t and 170.20m @ 1.84g/t Au 2008: Eldorado Gold starts acquisition of Brazauro and become a partner in Tocantinzinho Project (Resources around 1 Moz) 2010: Eldorado completes acquisition of Brazauro 2008 to 2011: Exploration increased Resources from 1 Moz to 2.4 Moz 2015 Production www.eldoradogold.com 14 Vista geral Acampamento Escritório Descrição de testemunho 15 Sondagem 10 Km www.eldoradogold.com 16 Tocantinzinho Workings/ Tailings Deposit Footprint Tailings average 7.3m depth Better grades from grab samples returned 1-4 g/t 500m Tocantinzinho 17 Magnetics - 1st Vertical Derivative Tz ? Parauari Maloquinha 18 TZ fault structure www.eldoradogold.com 19 Main fault/shear coredor www.eldoradogold.com 20 Veinlets (quartz+chlorite+sulfides) Shear zones www.eldoradogold.com 21 Hydrothermal Alteration K, Si, Chlorite, Sulfides (Py,Cpy, Ga, Sp) www.eldoradogold.com 22 Stress/Strain Kinematic Framework N X 1. Z 1 Tension gashes (qz veinlets) 1 2. 3. www.eldoradogold.com 23 Mineral Resources Classification Tonnes Grade g/t Au Ounces Measured 19,777,000 1.29 820,000 Indicated 50,457,000 0.97 1,574,000 Measured and Indicted 70,234,000 1.06 2,394,000 Inferred 6,950,000 0.66 147,000 Mineral Reserves Classification Tonnes Grade g/t Au Ounces Proven 17,735,000 1.39 792,000 Probable 31,315,000 1.17 1,183,000 Proven and Probable 49,050,000 1.25 1,975,000 Cut-off grade 0.49 g/t 24 www.eldoradogold.com 25 3D Resource model 26 www.eldoradogold.com 27 www.eldoradogold.com 28 Production Data Total Ore Mined 49.05 MT @ 1.25g/t Total Reserves 1,98Moz Total gold Produced 1,78Moz Mine Throughput 4,4 MT/Yr Life of Mine 11 Years Average Annual Gold Production 159 Koz Metallurgical Recovery 90.1% Average Strip Ratio (w:o) 3.27:1 Operating Cost/Tone Ore Mining Processing G&A Total Operating Cost/Tone Ore Cost per Ounce Produced $7.09/Tonne $195.34 $11.16//Tonne $307.45 $2.06/Tonne $56.62 $ 20.31/Tonne $ 559.41 29 www.eldoradogold.com 30 31 31 Financial Gold Price Sensitivity Analysis Gold Price /Oz $1,000 $1,250 $1,500 Net Cash Flow $177.7 M $464.1 M $750.5 M NPV @ 5% $2.9 M $187.2 M $371.5 M IRR 5.12% 11.79% 17.35% Gold Price Sensitivity Analysis with IRPJ Tax Incentive Gold Price/Oz $1,000 $1,250 $1,500 NPV @ 5% $36.9 M $269.6 M $952.7 M IRR 6.45% 14.36% 20.88% Development Projects 32 www.eldoradogold.com 33