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MUNDO MINERALS LIMITED - ASX: MUN
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Description
Mundo Minerals Limited (ASX Ticker: MUN) is an Australian-listed international gold producer which is exploring and developing a portfolio of medium-sized gold projects in South America.
Mundo currently operates two emerging production centres in Peru and Brazil, where it is focused on delivering sustainable gold production of 130-150,000 ounces per annum in the near-term at world-competitive cash operating costs.
Engenho Gold Project, Brazil
* Established gold mine located in the Iron Quadrangle in the mining state of Minas Gerais of SE Brazil
* Currently producing at ~25,000oz pa from a single underground mine
* Metallurgically stable ore profile averaging 93-94% and excellent mine/mill reconciliations
* Recent exploration success has defined new emerging production centres at Crista and Olhos, within a 2km radius of the existing plant
* Production expected to double to ~50,000oz pa with development of the new Crista open pit (~5g/t Au)
* Broader exploration to unlock the significant potential of the northern satellite areas – maiden diamond drilling at Olhos and Crista Deeps planned for 2011
Torrecillas Gold Project, Peru
* High-grade gold project located in Nazca- Ocoña region of SE Peru
* 13,000ha tenement package in well-established gold belt
* Successful trial mining underway for ~2 years: has achieved average grades of 18-22g/t Au; sows the mineralisation is continuous
* Targeting commercial production: from three high-grade vein systems; forecast 15g/t head-grade to the mill,
* Conceptual Exploration Target* of 420-480kt @ 15-20g/t Au for 220-250koz
Mine For
gold
Location of operation(s)
Brazil, Peru
Address
45 Ventnor Ave
WEST PERTH, WA, AUSTRALIA
Phone
+61 (08) 9429 8895
Website
Last Updated
14/09/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
