BUILDING BRAZIL'S NEXT
PROFITABLE GOLD MINE
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.
NPV 5% @ $1,300Au
US$ 244M
A/T IRR
51%
Payback*
1 Year
*Excludes Construction Period and uses Undiscounted Cash Flow
PFS Summary (US$1,200 Au)
| Upfront Capex | $123M USD |
| Sustaining Capex | $17M USD |
| Years 1-4 Average Production | 144,000 ozs |
| Average Annual Production | 123,000 ozs |
| Initial Mine Life | 8 Years |
| Operating Cost per Ounce | $545 USD |
| AISC per Ounce | $655 USD |
| Mineable Reserve | 1,087,000 ozs |
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.