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AMARILLO GOLD prime asset is the 100% owned Mara Rosa Gold Project in central Brazil, which contains resources of 1,270,000 ounces of gold in 31MT at 1.30 g/t Au.
BUILDING BRAZIL’S NEXT
PROFITABLE GOLD MINE
PFS Summary
| Mineable Reserve (ozs) | 1,087,000 |
| Years 1-4 Average Production (ozs) | 144,000 |
| LOM Avg Production (ozs) | 123,000 |
| Initial Mine Life | 8 Years |
| Operating Cost per Ounce* | $545 |
| AISC per Ounce* | $655 |
| Upfront Capex* | $123M |
| Sustaining Capex* | $17M |
| NPV 5%, $1,300 Au -US$244M; Payback 1 yr; IRR 51% |
*All prices in USD
Amarillo Gold also operates an advanced exploration stage project at Lavras do Sul located in southern Brazil. Lavras do Sul is the largest land package (190 sq. km.) assembled in the 300 year history of gold mining in the Lavras area.