Oxiana Limited - Kalimantan Gold Corporation Limited
Oxiana Limited - Kalimantan Gold Corporation Limited
Oxiana Limited - Kalimantan Gold Corporation Limited
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Project Overview – Jelai <strong>Gold</strong> Project<br />
Jelai <strong>Gold</strong> Project<br />
Overview<br />
• The Jelai <strong>Gold</strong> Project is a series of low sulphidation epithermal veins with anomalous<br />
precious metal values hosted within andesitic volcanics.<br />
• Significant drilling intercepts include: 6.9m @ 24.7gpt Au, 19gpt Ag: 6.00m<br />
@15.84gpt Au, 81gpt Ag: 9.5m @ 7.08gpt Au, 10gpt Ag: 5.4m 11.75gpt Au, 5gpt Ag.<br />
• Potential to yield a major epithermal gold deposit, comparable in scale to the Vera-<br />
Nancy Project (Queensland) that has produced 2.3Moz Au to date, plus 11 other<br />
highly prospective targets.<br />
Joint Venture<br />
• Joint Venture signed with Tigers Realm Minerals - www.tigersrm.com.au, subject to<br />
forestry permit being issued , expected August 2011.<br />
• Tigers to spend not less than $6m by IUP expiry (June 2015) for 70% of equity; $2m<br />
in year 1.<br />
• Must fund drilling up to Bank Feasibility Study to retain equity; otherwise 1% royalty<br />
up to 2x investment .<br />
• Both parties will fund their share of development costs post BFS. Tigers will use best<br />
commercial endeavours to arrange project finance for up to a maximum of 75% of the<br />
Company’s funding requirements for the project.<br />
June 2011<br />
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