The Ernesto/Pau-a-Pique Mine (“EPP”, “Apoena”) – a mine complex located in the southwest of Mato Grosso state, near Pontes e Lacerda in Brazil which consists of the following gold deposits: the Lavrinha open-pit mine (“Lavrinha”), the Ernesto open-pit mine (“Ernesto”), the Pau-a-Pique underground mine (“Pau-a-Pique” or “PPQ”), the Japones open-pit mine, the Nosde open-pit mine, and the near mine open-pit prospects of Bananal North and Banal South.
Ernesto Open pit
In December 2019, the company started mining operations at the high-grade Ernesto mine. In November 12, 2020, the Ernesto open pit mine, part of the Ernesto/Pau-a-Pique mine complex (“EPP”) declared commercial production effective October 1, 2020.
The Ernesto mine, located at Pontes e Lacerda was initially planned as an underground mine but is now being worked as an open-pit mine instead.
Lavrinha Open Pit
Approximately 1.11 Mt of ore at an average grade of 1.69 g/t Au and 14.0 Mt of waste rock will be mined from the Lavrinha open pit over a 2.5 year period. The overall strip ratio for Lavrinha is 12.6:1 with mining conducted 365 days per year by a contractor. The contract is full service and includes providing all mining equipment, drilling, blasting, loading, hauling and maintenance. Total material movement rates for the LOM range from 15,000 to 25,000 tpd.
Conventional truck and hydraulic shovels will be utilized. Four excavators, supported by three front-end ........
