To be a significant gold and copper producer in the Philippines committed to the responsible development of our assets.
Maximizing shareholder value through continued resource efficiency, ongoing strategic acquisitions, and sustainable practices.
St. Augustine Gold and Copper Limited is an advanced-stage developer focused on the King-king Copper-Gold Project in the Mindanao province of the Philippines. The King-king Project is one of the largest undeveloped deposits in the world, with an equivalent of $41 Billion of in-ground value at today’s metal prices. King-king’s mineral reserve amounts to 617.9M tonnes at 0.300% total copper and 0.395 g/t gold. The Company is currently completing a bankable feasibility study on the King-king Project and published a Preliminary Feasibility Study in November 2013.
OVERVIEW & HISTORY
In 1966, Nationwide Development Corporation (NADECOR), discovered the King-king mineralization zone. Between the years of 1972 – 1997, the deposit was explored by the Mitsubishi Corporation, the Benguet Corporation, and Echo Bay Mining. A significant portion of historical drilling at King-king has focused on exploring, defining, and confirming the economic potential of the asset. The exploration and drilling completed to-date indicates that the King-king deposit is a significant copper- gold porphyry system with the potential to become an economically profitable project.
In 2009, Russell Mining and Minerals, Inc. (RMMI) (the majority shareholder of St. Augustine Gold and Copper Limited) signed a letter of intent with NADECOR to develop the King-king project. In 2010, RMMI, NADECOR and the Benguet Corporation reached a settlement agreement wherein Benguet granted RMMI the rights, title and interest in the King-king project.
In 2011, RMMI assigned its interest in King-king to Ratel Gold Limited (“Ratel”). Subsequently, as part of a reverse take-over, RMMI took over management and changed the Company’s name to St. Augustine Gold and Copper Ltd.
On January 21, 2011, shares of St. Augustine Gold and Copper Limited began trading on the Toronto Stock Exchange under the symbol SAU.