MINERALEX Group operated in Sierra Leone since 2007. After investing $15M on exploration for Gold and Coltan, the company concluded Pre Feasibility Study and identified a significant resources estimated +$9B, and gold ready to be mined worth $36m
Comprehensive exploration targeting Gold and Coltan Bedrock deposits
Worth of Minerals once FS is over: +$9B. Company valuation +$1B
Small Scale Mine to extract $36 Million USD for cashflow within two years
Current Status
While the main focus is the Bedrock Gold and Coltan mining project with completion within two years of the exploratory phase (JORC standards) to asses the 2 million gold oz potential and the 120,000 tons of Coltan , a multi-mineral approach was adopted, because it represents a risk reducing factor and the ability to share among the different minerals common extraction equipment, reducing considerably the overall capex.
Mineral rights or the company can be sold to mining companies once the feasibility study is over, or alternatively list Mineralex as a mining company to mine the +9 Billions worth of minerals.
Market
Progress/Proof
Reports:
* KPMG financial annual reports.
* Conceptual study (CS)
* 2 Competent Person Reports (CPR) done by CSA.
* Order Of Magnitude (OOM)
* Progress reports done by SRK.
Problem or Opportunity
Mineral rights or the company can be sold to mining companies once the feasibility study is over, or alternatively list Mineralex as a mining company to mine the +9 Billions worth of minerals.
Solution (product or service)
Objectives/Future
Seeking $12 million to complete within two years the Bedrock Gold and Coltan exploratory phase (JORC) to support the 2 million oz and the 120,000 tons of Coltan, while allocating some of the funds to extract of the 20,000 JORC Elluvial Gold and to enlarge the mine to +100,000oz.
Competitors
The Gold market is known, Coltan market is going to boom, due the fact, it is used to produce capacitors for touch screen panels
Advantages or differentiators
The risk was taken before, now only to finish feasibility study
Finance
Have additional documents by request
Money will be spent on
Exploration project and small scale mining project, in order to get cash flow right
Offer for investor
Seeking $12 million as 30% of the company to complete within two years the Bedrock Gold and Coltan exploratory phase (JORC) to support the 2 million oz of Bedrock Gold and the 120,000 tons of Bedrock Coltan, while allocating some of the funds to extract the 20,000 JORC Elluvial Gold deposit and to enlarge the mine to +100,000oz.