Peko Tailings Retreatment Project [SOLD]

Peko Bull Pty Ltd (PekoBull) is currently seeking expressions of interest for investment in the Peko Tailings Retreatment Project (the Project).

It is proposed to build a processing facility, and then establish a 5-7 year tailings retreatment operation. The recoverable value of the metal content, in the tailings is over A$700M.

The planned average annual production quantities are:
• Gold: 17,000 oz/yr
• Copper: 1,200 tpa
• Cobalt: 400 tpa
• Magnetite: 600,000 tpa

The project has been significantly de-risked through independent:
• drilling/sampling programs across the tailing dams, to define resources
• extensive lab testing/optimization of the proposed metallurgical process flowsheet
• preliminary feasibility study and costing of the processing plant

Once a processing facility in place, additional opportunities would exist and via toiling material from other mines and mining known in-situ ore bodies. Identified in-situ resources total 211,500t, with an average grade of 6.86g/t (46,750oz).

The Company is looking to raise an additional A$3m to fund operations through to the completion of the detailed feasibility study. Once the detailed feasibility study has been completely, debt financing options could be utilized to fund the construction of the processing facility, and bring the project into production.

The Peko Tailings Retreatment Project provides excellent technical and commercial characteristics for highly profitable operation. The Company sees a great opportunity for the near term development of the Peko Tailings Retreatment Project, providing strong returns to all stakeholders.

The full IM and data room can be made available for all interested parties.