The Caballo Blanco licence area is located on the eastern coast of Mexico in the state of Veracruz. The most advanced project in the licence area, La Paila, was subject to a PEA in 2012 which envisaged a low CAPEX, conventional open pit and heap leach mining operation targeting approximately 100,000 ounces of gold production annually. Further geological and exploration works by the Company since acquiring Caballo Blanco have included an updated pit-constrained resource estimate for La Paila (NI43-101 Technical Report, April 2017), and additional exploration activities in the wider licence area.
Activities during the 2023 financial year included continued exploration activities in and around the priority targets within the licence area, ongoing refurbishment and upgrades to core storage facilities and other infrastructure, and continued engagement with local community groups. |