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Mine Life of 38 yrs and NPV of $4.18 Billion The Kingking Copper-Gold deposit is a world class shovel ready project located in Davao de Oro on the southeastern island of Mindanao in the Philippines. The material project permits are in place such as the MPSA, Environmental Compliance Certificate (ECC), Declaration of Mining Project Feasibility (DMPF), and the Free and Prior Informed Consent (FPIC). Kingking is listed as one of the top priority projects by the Philippine Mines and Geosciences Bureau (MGB) and is expected to produce over the 38 year mine life:
4.55B lbs of Copper 7.06M oz of Gold Mine Development of Kingking is expected to commence 1st quarter of 2027 with production starting in the 1st quarter of 2029. On average, the mine will be producing 117 million pounds of copper, 186 thousand ounces gold annually. The Kingking tenement covers 2,976 hectares located within the Municipality of Pantukan, Province of Davao de Oro. The MPSA No. 009-92-XI) was approved by the Philippine Government on May 27, 1992, and amended December 11, 2002. On June 2, 2016, the Department of Environment and Natural Resources (DENR) approved the expansion of the area covered by the MPSA by annexing Parcels III and IV of the area covered by NADECOR’s mining application denominated as Application for MPSA No. 000026-IX which was renamed to MPSA No. 009-92-XI Amended II. The MPSA grants Kingking Mining Corporation the exclusive right to explore, develop and exploit minerals within the area comprising the Kingking deposit. The project is listed as one of the top priority projects by the MGB and it is a gold-rich porphyry copper deposit spatially related to significant epithermal vein systems that can be potentially exploited by open pit mining methods to produce economic concentrations of gold and copper. Kingking’s mineral reserve amounts to 959.4M tonnes at 0.26% total copper and 0.36 g/t gold. |
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