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Brazil
Almas Project

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 Location:
64 km E from Chapada da Natividade, Brazil

  Project Contacts:
Av. Tiradentes, LOTE 2
Almas
Brazil
77310-000
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EmailEmail
WebsiteWeb
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  • Overview
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  • Mining
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  • Reserves
  • Costs & Financials
  • Fleet
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  • Filings & News

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Overview

StageConstruction
Mine TypeOpen Pit
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
Production Start...
Mine Life2039
Construction at the Company’s Almas Project is on schedule and the project is expected to be delivered on budget. The Company expects Almas to start production by April 2023.


Owners

Source: p. 34
CompanyInterestOwnership
Aura Minerals Inc. 100 % Indirect

Contractors

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Deposit Type

  • Mesothermal
  • Orogenic


Summary:

DISTRICT GEOLOGY
The Almas Gold Project is situated in an historical gold mining area with numerous small artisanal mines (garimpos) and the former Vale Paiol Gold operation. Gold occurs in sheared metavolcanic rocks within the greenstone sequence, as well as in sheared felsic intrusive rocks. The rocks are, in general, Paleo-Proterozoic in age (~2.2 billion years old) and have undergone regional metamorphism ranging in intensity from greenschist- to amphibolite-facies. The metamorphism resulted in deep-seated, shearhosted, mesothermal, gold deposits which have more recently been referred to as orogenic gold deposits. The gold-mineralized zone occurs in the core of hydrothermal alteration zones, generally associated with variable amounts of quartz, carbonate, albite, sericite and sulphide minerals.

DISTRICT MINERALIZATION
Gold mineralization is found in three groups of rocks, in metabasalts of the Córrego Paiol Formation, in metasedimentary rocks of the Morro do Carneiro Formation and in granite-gneiss complexes.

Several occurrences of gold are hosted in the metabasalts, mainly south of Almas, the most important being that of the Córrego Paiol mine. The occurrences hosted in metasedimentary rocks are dominant in the southern portion of the terrain, Conceição do Tocantins region, while the occurrences in granite-gneissic rocks are distributed throughout the granite-greenstone terrain.

Gold in the Almas Greenstone Belt ........


Mining Methods

  • Truck & Shovel / Loader


Summary:

MINE OPERATION
The mining operation concept for the Almas Gold Project is conventional open pit mining with production schedule that provides an initial 0.6 Mt stock of ROM with 0.92 g/t Au content, equivalent to six months. Commercial operation is scheduled to start up in July, 2022 with a ramping up until October, 2022.

The mine development is planned to allow access to those grade levels to maximize gold production and provide operational flexibility by mining several benches simultaneously. The number of pits mined simultaneously will be no more than two pits.

The waste rock comprises soil, saprolite, weathered and fresh rock. The excavation of these deposits requires the use of drill and blast.30% of saprolite will require explosives. Load and haulage will be performed by a combination of front-end loaders, hydraulic excavators, and on-road trucks.

Benches will be configured as follows:
• A minimum mining width of 30 m on a 10 m-high bench has been maintained for Cata Funda, but Vira Saia and Paiol include a final bench access incorporating an operational mining width of 15 m to maximize access to the mineralized zone.
• The waste and ore benches will be mined as 5 m thick layers, leaving a designed 10 m maximum bench height.
• The ore and waste zones have been analysed and it is possible to operate with a proper berm width and in-pit dumping operational space.
• The benches will have a slight de ........


Crushing and Grinding
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Processing

Flow Sheet: Subscription required

Summary:

- subscription is required.


Projected Production:

CommodityUnitsLOM
Gold koz 598,142
All production numbers are expressed as payable metal.

Operational Metrics:

Metrics
Stripping / waste ratio  ......  Subscription required
Waste tonnes, LOM  ......  Subscription required
Ore tonnes mined, LOM  ......  Subscription required
Total tonnes mined, LOM  ......  Subscription required
Daily processing capacity  ......  Subscription required
Tonnes processed, LOM  ......  Subscription required
Annual processing capacity  ......  Subscription required
* According to 2020 study.
Subscription required - Subscription is required.

Reserves at December 31, 2020:
The Mineral Resource Estimate is based on an updated optimized shell using 1800 $/oz gold price and cut-off grades of 0.29 g/t, 0.34 g/t and 0.31 g/t for Paiol, Cata Funda and Vira Saia respectively.
The Mineral Reserve Estimate is based on an updated optimized shell using 1,500 $/oz gold price, average dilution of 20% , mining recovery of 100% and break-even cut off grades of 0.29 g/t Au for Paiol, 0.31 g/t Au for Vira Saia and 0.34 g/t Au for Cata Funda.

CategoryOreTypeTonnage CommodityGradeContained Metal
Proven In-Situ (OP) 6,442,602 t Gold 0.96 g/t 197,757 oz
Probable Leach Pad 1,275,233 t Gold 0.9 g/t 36,900 oz
Probable In-Situ (OP) 14,164,730 t Gold 0.9 g/t 410,616 oz
Probable Total 15,439,963 t Gold 0.9 g/t 447,516 oz
Proven & Probable Leach Pad 1,275,233 t Gold 0.9 g/t 36,900 oz
Proven & Probable In-Situ (OP) 20,607,332 t Gold 0.92 g/t 608,373 oz
Proven & Probable Total 21,882,565 t Gold 0.92 g/t 645,273 oz
Measured In-Situ (OP) 5,415,860 t Gold 1.14 g/t 198,010 oz
Indicated Leach Pad 1,510,090 t Gold 0.88 g/t 42,680 oz
Indicated In-Situ (OP) 16,324,970 t Gold 0.96 g/t 504,755 oz
Indicated Total 17,835,060 t Gold 0.95 g/t 547,435 oz
Measured & Indicated Leach Pad 1,510,090 t Gold 0.88 g/t 42,680 oz
Measured & Indicated In-Situ (OP) 21,740,830 t Gold 1 g/t 702,765 oz
Measured & Indicated Total 23,250,920 t Gold 1 g/t 745,445 oz

Commodity Production Costs:

CommodityUnitsAverage
Cash costs Gold USD  ......  Subscription required&nbs
All-in sustaining costs (AISC) Gold USD  ......  Subscription required&nbs
Assumed price Gold USD  ......  Subscription required&nbs
* According to 2020 study / presentation.

Operating Costs:

Units2020
OP mining costs ($/t milled) USD 7.31 *
Processing costs ($/t milled) USD  ......  Subscription required
G&A ($/t milled) USD  ......  Subscription required
Total operating costs ($/t milled) USD  ......  Subscription required
* According to 2020 study.
Subscription required - Subscription is required.

2020 Study Costs and Valuation Metrics :

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscription required
Sustaining CapEx $M USD  ......  Subscription required
Closure costs $M USD  ......  Subscription required
Total CapEx $M USD  ......  Subscription required
OP OpEx $M USD  ......  Subscription required
Processing OpEx $M USD 424
Net revenue (LOM) $M USD  ......  Subscription required
EBITDA (LOM) $M USD  ......  Subscription required
Net Income (LOM) $M USD  ......  Subscription required
After-tax Cash Flow (LOM) $M USD  ......  Subscription required
After-tax NPV @ 5% $M USD  ......  Subscription required
After-tax IRR, %  ......  Subscription required
After-tax payback period, years  ......  Subscription required
Subscription required - Subscription is required.


Proposed Heavy Mobile Equipment as of December 31, 2020:
HME TypeModelQuantityLeased or
Contractor
Backhoe loader ....................... Subscription required ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
Subscription required - Subscription is required.

Mine Management:

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Nov 10, 2022
....................... Subscription required ....................... Subscription required Subscription required Dec 31, 2020
....................... Subscription required ....................... Subscription required Subscription required Dec 31, 2020
....................... Subscription required ....................... Subscription required Subscription required Dec 31, 2020
....................... Subscription required ....................... Subscription required Subscription required Nov 10, 2022
....................... Subscription required ....................... Subscription required Subscription required Nov 10, 2022
Subscription required - Subscription is required.

Staff:

Total WorkforceYear
Subscription required 2020

Corporate Filings & Presentations:

DocumentYear
Corporate Presentation 2023
Corporate Presentation 2022
................................... Subscription required 2021
................................... Subscription required 2021
................................... Subscription required 2021
................................... Subscription required 2021
................................... Subscription required 2020
................................... Subscription required 2020
................................... Subscription required 2020
Feasibility Study Report 2013
Preliminary Economic Assessment 2012
Subscription required - Subscription is required.

Subscription required - Subscription is required.

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