Gold Mining Company Investment Opportunity in New South Wales, Australia

- Located in eastern Lachlan Fold Belt (one of the world’s richest gold areas), approx. 3.5 hours drive from Sydney.
- Following groundwater flooding of its main shaft in 1872 this mine has been (due to lack of appropriate funding) operating in "caretaking" mode to meet the Mines Department requirements.
- While operational from 1850 right until 1872, this mine produced truly astonishing amounts of gold, yet its reefs "have barely been scratched", according to a prominent Harvard University professor of geology, who extensively studied the area's gold resource.
- Just before the mine was closed down in 1872 at a relatively shallow 150ft level the mine manager reported gold recovery of 20 oz/ton!
- The owners are confident the gold veins continue well past the ground water level and reach at least 1,500 ft level, so tremendous amounts of gold are to be recovered.
- In 1997 the owner undertook bulk sampling in one of the two existing shafts and recovered 2oz per ton, at a depth of 190ft along a 240ft section of one gold bearing reef. However, it is believed that much higher grads were recovered. * (*ask me for details).
- Two mining leases plus a dredging lease total of 100 acres.
- Already have some infrastructure and machinery in place.
- The world’s largest gold specimen ever found, the Holtermann Nugget (please Google it!), was discovered in the same vein that crosses through our property at 400ft depth.
- The area also is known and well documented for rich alluvial (nugget) gold presence (JORC/NI43-101 available for alluvial gold, but no reserves estimate)
- CapEx spent to date approx. AUD 10 million.
- JORC (NI 43-101) report for hard-rock gold is not available (that's where the partner's equity funding would come in), but other ample detailed, credible, and verifiable evidence is available and will be offered for close scrutiny to all bona-fide investors.
- The owner estimates that to refit the existing shafts and amalgamate three adjacent mines, upgrade machinery, install state-of-the-art security and turn the project into one of Australia's major and most profitable gold mining operations will take around 18 months and AUD 50 million (USD 38 million), but this amount can be raised relatively easily once a NI43-101 (JORC) has been obtained.
- Also a significant presence of alluvial (surface) gold, which could be mined almost immediately upon obtaining a MOP for alluvial mining operation. This would provide sizeable cash flow while preparations for hard rock (in-ground) gold mining are underway.
- Massive potential for an IPO.
- The owner is a very experienced Australian-Canadian mining executive, a man of integrity and trust.
- This project has the potential to become one of the most profitable major gold mining operations in Australia.
- Most of the AUD7.5M will be spent on the test drilling (aided by satellite imaging), assaying and preparing an independent geological report (NI43-101 / JORC) to ascertain the overall size of the resource.
- With the gold price set to go sky-high within the next 12-24 months, investor's timing could not be better.