Geologia, Desenvolvimento e Viabilidade Econômica do Projeto Tocantinzinho (Provincia Aurífera do Tapajos, PA)

Transcrição

1 Geologia, Desenvolvimento e Viabilidade Econômica do Projeto Tocantinzinho (Provincia Aurífera do Tapajos, PA) SIMEXMIN May 22 nd 2012 Kişladağ mine, Turkey Eastern Dragon, China Tocantinzinho, Efemçukuru TZ, mine, Brazil Turkey Brazil Perama Hill, Greece 1

2 Jinfeng, China Tocantinzinho Kişladağ, Turquia 2

3 ELDORADO GOLD CORPORATION Canada BRAZAURO RESOURCES CORPORATION CANDALARIA HOLDINGS LTD. Brazil BRAZAURO RECURSOS MINERAIS LTDA UNAMGEN MINERAÇÃO E METALURGIA S/A 3

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5 Market Cap US$ 9.6 B (May 5 th 2012) 5

6 Tocantinzinho region US$ 11.4 M Project generation US$ 2.6 M 6

7 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 7

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9 Batalha Bom Jardim Cuiu-Cuiu Tocantinzinho Ouro Roxo Piranhas Agua Branca Palito 30 Km 9

10 Paruari Fluids

11 Tapajos Land Position ha Land position (TZ, AB, PI) ha Applications Tapajos Overview 11

12 TZ Drilling TZ Hidrological Study Tocantinzinho Camp TZ Logistics Efemçukuru TZ, mine, Brazil Turkey Total Exploration Expenditure: US$ 50,200,000 (US$ 90M at 5%/year) Current resources: 2.4 g/t (US$ 20-35/resource oz) Total drilling: 70,100 m Core samples: 39,600 Soil samples: 5,600 Auger samples: 2,900 Metallurgical samples: 1,300 Geophysics (IP): 45 Km 12

13 Tocantinzinho Tocantinzinho Deposit Granite-hosted, intrusion-related, disseminated, low grade/bulk tonnage gold deposit M&I resource of 2.4 million 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 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 km metres of tailings delineation drilling in 57 holes Total Expenditure of $11.4M for

14 Mid 80 s to mid 90 s: Intense garimpo activity : ALTORO s soil, auger and channel sampling: - NW trending >200 ppb Au soil anomaly with 1,000 x 500 meters; - Channels intercepts g/t Au 2004: Jaguar Resources started a drilling program: - DDHoles 01 and 04 discovered the Tocantinzinho - Intercepts 1.01g/t and 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 14

15 Vista geral Acampamento Escritório Descrição de testemunho Sondagem 15

16 10 Km 16

17 Tocantinzinho Workings/ Tailings Deposit Footprint Tailings average 7.3m depth Better grades from grab samples returned 1-4 g/t 500m Tocantinzinho 17

18 Magnetics - 1 st Vertical Derivative? Parauari Tz Maloquinha 18

19 TZ fault structure 19

20 Main fault/shear coredor 20

21 Veinlets (quartz+chlorite+sulfides) Shear zones 21

22 Hydrothermal Alteration K, Si, Chlorite, Sulfides (Py,Cpy, Ga, Sp) 22

23 N Stress/Strain Kinematic Framework X 1. Z 1 Tension gashes (qz veinlets)

24 Mineral Resources Classification Tonnes Grade g/t Au Ounces Measured 19,777, ,000 Indicated 50,457, ,574,000 Measured and Indicted 70,234, ,394,000 Inferred 6,950, ,000 Mineral Reserves Classification Tonnes Grade g/t Au Ounces Proven 17,735, ,000 Probable 31,315, ,183,000 Proven and Probable 49,050, ,975,000 Cut-off grade 0.49 g/t 24

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26 3D Resource model 26

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29 Production Data Total Ore Mined Total Reserves Total gold Produced Mine Throughput Life of Mine Average Annual Gold Production g/t 1,98Moz 1,78Moz 4,4 MT/Yr 11 Years 159 Koz Metallurgical Recovery 90.1% Average Strip Ratio (w:o) 3.27:1 Operating Cost/Tone Ore Mining $7.09/Tonne Cost per Ounce Produced $ Processing G&A Total Operating Cost/Tone Ore $11.16//Tonne $2.06/Tonne $ 20.31/Tonne $ $56.62 $

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32 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 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 5% $36.9 M $269.6 M $952.7 M IRR 6.45% 14.36% 20.88% Development Projects 32

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