Amarillo Gold Corp. (AGC: TSX-V; AGCBF: OTC) is a Canadian precious metals company, headquartered in Toronto, Ontario. The company is developing an economic, open pit gold resource of 1.27M oz grading1.30 g/t at its Mara Rosa Project in the mining friendly jurisdiction of Goias State in Brazil. In September, 2018 Amarillo completed an updated Pre-Feasibility Study. At $1300 gold price the NPV is $244MUSD and the A/T IRR is 51%.
Amarillo was awarded a main permit (LP) for Mara Rosa, which provides the social and environmental permission to mine and is in the process of obtaining an installation (construction) permit (LI). In addition to the Mara Rosa Project, Amarillo has an advanced exploration project in Brazil called Lavras do Sul, comprising of more than 22 prospects centered on historic gold workings with exceptional grades. Both projects have excellent infrastructure. The company is led by an experienced management team with proven track record in executing and creating value by bringing projects from exploration to production.