|Company: Aldridge Minerals|
Symbol: TSX-V: AGM
|Presenter: David Carew, Director of Business Development & Corporate Secretary|
Occasion: Richmond Club Lunch, Toronto
Aldridge is a development stage mining company focused on advancing its Yenipazar polymetallic VMS deposit (Au, Ag, Cu, Pb, Zn) in Turkey – a country committed to developing its natural resources and is rapidly emerging as an economic powerhouse.
More About Aldridge
Aldridge is a near development stage mining company focused on advancing its Yenipazar polymetallic VMS Following completion of the Feasibility Study, the Company’s most significant objective of 2013 is to obtain the project financing needed to build the Yenipazar project and thereafter commence production. The project financing may include some combination of equity, senior debt, metal streaming and off-take agreements.
In April 2013, Aldridge Minerals announced robust Feasibility Study results. Key highlights include:
- After-Tax, After-Royalty NPV7% of $361MM and 23.7% IRR
- Total Pre-production CAPEX of $382M
- Average Life of Mine OPEX of $29.13/tonne of ore
- 35% of expected revenue to be generated from gold and 21% from silver over 12-year LOM
- After-Tax, After-Royalty payback period of 2.8 years
With mineralization near surface and access to skilled labor and excellent infrastructure, Yenipazar is ideal for open pit mining. At more than 100 km2, the Yenipazar property is a significant land package. As much of it is unexplored, Yenipazar provides considerable exploration potential. The updated reserve estimate (April 2013) has a probable reserve of 29.2M tonnes and an NSR of $86.10/tonne.
Aldridge Minerals Inc.
10 King Street East, Suite 300
Toronto, Ontario M5C 1C3