Magellan Minerals is a gold exploration company focused on projects in Brazil's Tapajos region, including the Cuiu Cuiu and Coringa projects. Cuiu Cuiu has identified 1.3 million ounces of gold across two deposits and continues drilling to expand resources. Coringa has outlined 370,000 ounces of gold and a PEA indicates potential for profitable mining. Magellan also has a joint venture on properties in Mato Grosso with potential for large low-grade deposits. Drilling and resource updates are planned in 2011 to advance the projects toward production.
9. Cuiú Cuiú – a district rather than a project Placer gold workings Placer gold workings Central deposit 0.6Moz Moreira Gomes deposit 0.7Moz Placer workings and soil anomalies Au in soils (ppb)
12. Central SE-NW section through Central Typical mineralized interval Central zone – hole CC-55-10, 2.15g/t Au * Mineral resources are not mineral reserves and do not have demonstrated economic viability. Please note that all figures have been rounded to reflect their appropriate level of accuracy. * These resources are constrained by mineable shapes and cut-off grades to meet the requirement that resources must have reasonable prospects for economic extraction. The mineable shapes are either Lerch-Grossman pits or conceptual underground stopes. Resources falling within the pits are reported at cut-off grades of 0.3 gpt Au for fresh rock or 0.4 gpt Au for saprolite. Stope shapes only include blocks above a cut-off grade of 1.3 gpt Au. The cut-off grades consider a gold price of $1,250 per ounce and metallurgical recoveries of 91% for fresh rock and 66% for saprolite. Central Total Resources Tonnage Au g/t Contained Au Tonne x 1000 gpt oz. Indicated Resources 3,400 1.0 100,000 Inferred Resources 17,000 0.9 500,000
13. Central – potential extensions New soil anomaly to SE of Central Untested soil anomaly 3D and map views of Central body and gold–in-soil anomaly
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15. Cuiú Cuiú – Moreira Gomes Drill targets Map shows airborne magnetic data, grade contours, and drill hole locations * Mineral resources are not mineral reserves and do not have demonstrated economic viability. Please note that all figures have been rounded to reflect their appropriate level of accuracy. * These resources are constrained by mineable shapes and cut-off grades to meet the requirement that resources must have reasonable prospects for economic extraction. The mineable shapes are either Lerch-Grossman pits or conceptual underground stopes. Resources falling within the pits are reported at cut-off grades of 0.3 gpt Au for fresh rock or 0.4 gpt Au for saprolite. Stope shapes only include blocks above a cut-off grade of 1.3 gpt Au. The cut-off grades consider a gold price of $1,250 per ounce and metallurgical recoveries of 91% for fresh rock and 66% for saprolite. Moreira Gomes Total Resources Tonnage Au g/t Contained Au Tonne x 1000 gpt oz. Inferred Resource 14,000 1.5 700,000
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26. Corporate Information Recent Financings Closing No. of shares Price Warrants Amount Feb 2008 (IPO) 11M $1.00 expired $11M Dec 2009 18.3M $0.70 ½ @ $1.00 $12.8M June 2010 10M $0.75 none $7.5M Oct 2010 19.2M $1.20 none $23M Capital Structure Shares outstanding 109.4M Options 7.7M Warrants 8.8M Fully Diluted 127.4M Cash $18.5M Market Cap. $87M Major shareholders Management 11% Institutions 45% Newmont 2.5% Kinross 1% Analyst Coverage National Bank Financial Shane Nagle Mackie Research Dale Mah
27. Further Information Alan Carter President & CEO Suite 1650 – 409 Granville St., Vancouver, BC, V6C 1T2 Tel. + 1 604 676 5663 Fax + 1 604 676 5664 [email_address] Auditors PricewaterhouseCoopers 700-250 Howe Street Vancouver, BC Canada V6C 3S7 Lawyers Morton & Company 1200-750 West Pender Street Vancouver, BC Canada V6C 2T8 Jennifer Duthie Corporate Communications Suite 1650 – 409 Granville St., Vancouver, BC, V6C 1T2 Tel. + 1 778 838 3990 Fax + 1 604 676 5664 [email_address]
Notes de l'éditeur
Why diamonds Production pie chart by country - gem, nr gem, industrial