In order to offer you the very best service available, this website uses cookies. By continuing to browse, you accept their use. To find out more click here..


POLYMETALLICS DEPOSIT Cash Positive in 3 months


Project No: #19232
Capital needed
USD 2,750,000
Share with a friend Report as Fraud Print Add to favorites
Minimum investment per investor: $USD100,000
Country: Australia
State: Australian Capital Territory
Reason for needing Capital: Working Capital
Stage: Finished product
Ideal Investor Role: Indifferent
Highlights: •All Licenses and regulatory requirements in place
•no native title issues pertaining to the site.
•Immediate start :$AUD 23 Million of Ore Inventory on site ready to process
•multi-million-tonne high-grade base metal target identified
•potential billion tonne+ porphyry copper-gold target within Lease
•Offtake agreement in place with major Australian Processor
What you offer to investors?: Two Options
1. Debt -Convertible Note yielding 15% payable 6 months in advance, Capital repayment 24 months, Note can be rolled over for a further 2 years. Firm security over assets.
2. Equity - Redeemable preference share - 20% plus yield pa.
Executive summary:



This deposit is a multi-million-tonne
high-grade base metal target located just 1.5 km from an operating  Mine. 
The project contains largely unexplored Andean-style base metal mineralization. 



Key features include:



•       High
grade up to 40% zinc, 3.7% copper over 1.5 km strike length and 1 km across
strike.



•       Open
along strike and across strike.



•       Easy
access for exploration and development.



•   1.5 kilometers from permitted mine capable of processing the mineralisation.

*  Development de-risked by
existing nearby mining operation helps achieve higher level JORC classification
at lower cost.



•       Many
years of extra mine-life.

*   Fixed off take agreement with Major International                 Processor 



 




Similar Projects