COMPANY OVERVIEW - CORO Mining Corp.
COMPANY OVERVIEW - CORO Mining Corp.
COMPANY OVERVIEW - CORO Mining Corp.
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SAN JORGE <strong>OVERVIEW</strong><br />
San Jorge (acquiring 100%) is a medium sized copper-gold porphyry project located in the Las Heras Department,<br />
Mendoza, Argentina. Las Heras is a pro-mining district where there is little or no competing agricultural interests, low<br />
population density and no competition for water resources (which exist on the property). Coro owns the surface rights<br />
through its ownership of a 120,000 hectare ranch. The Company has completed a pre-feasibility study (“PFS”) on the<br />
leachable copper resources and a preliminary economic assessment (“PEA”) on the secondary and preliminary copper<br />
resources.<br />
(Water source located on San Jorge property)<br />
PEA Concentrate Only Economics – Apr08<br />
Mine Life<br />
Initial Capital Cost (+/- 30%)<br />
16 yrs<br />
$277 m<br />
Total Cu Production (lbs)<br />
1,393 m<br />
Total Au Production (ozs) 629,000<br />
Cash Cost (Yrs 1-5) (per lb) $0.91<br />
Gold Credit (at $600/oz gold) $0.22<br />
Net Cash Cost $0.69<br />
NPV and IRR at $600/oz gold and $2.00/lb Cu<br />
After Tax IRR 28.6%<br />
After Tax NPV (@10%)<br />
$220m<br />
Environmental Impact Study<br />
EIS Submitted for Approval<br />
EIS Accepted for Evaluation<br />
UTN Appointed for Technical Review<br />
UTN Completes Independent Evaluation<br />
Sectorial Review<br />
Formal Public Meetings<br />
Environmental Minister Approval<br />
Provincial Ratification (EIS Approval)<br />
OCT 08<br />
MAR 09<br />
APR 09<br />
SEPT 09<br />
FEB 10<br />
Q110<br />
Q210<br />
Q210<br />
Domain Type Tonnes<br />
(millions)<br />
In Pit Resources - @ 0.30% Cu Cutoff<br />
CuT<br />
%<br />
Au<br />
(g/t)<br />
2<br />
Cu (lbs)<br />
(millions)<br />
Au<br />
(000’ozs)<br />
Enriched M&I 26 0.65 0.21 374 177<br />
Primary M&I 136 0.43 0.19 1,297 852<br />
Total M&I 152 0.48 0.20 1,671 1,029<br />
Oxides M&I 32 0.53 0.22 380 228