To St. Augustine Gold and Copper LTD.
St. Augustine Gold & Copper Ltd is listed on the main board of the Toronto Stock Exchange (TSX: SAU.TO)
The company is actively engaged in developing the world class King-king Copper-Gold Project in the Philippines. King-king is one of the largest undeveloped copper-gold deposits in the world, with a proven and probable mineral reserve that amounts to 617.9M tonnes at 0.300% total copper and 0.395 g/t gold. The deposit is a gold rich, copper-gold porphyry deposit located in the south east of the Philippine Island of Mindanao, located 92kms NW of Davao City and 13 kms from the coast. The project is listed as one of the top priority projects by the Philippine Mines and Geosciences Bureau. The project has a pre-tax NPV of $2 Billion at an 8% discount, IRR of 24.8% and a 2.4 year payback period.
King-king has a 22 year mine life which will produce:
• 3.16Blbs of copper
• 5.43Moz of gold
• 11.65Moz of silver
St. Augustine has entered into the feasibility stage of development (social, environmental and engineering phases) and is currently completing a bankable feasibility study on the King-king Project. Construction of King-king is expected to commence in 2015.
St. Augustine is run by some of the top industry leaders that have a
proven record of discovering, exploring and developing valuable assets
that require an overall understanding of the industry that only majors
can provide. St. Augustine's team expertly fortified with both the
technical and financial experience that is essential to being a leader
in the mining industry as well as building shareholder value for our