Pulacayo Project Feasibility Study - Apogee Silver

Pulacayo 1 000 t/d Phase I Feasibility Study - NI 43-101 Technical Report
090644-3-0000-20-IFI-100
There are also several small hotels, hostels, restaurants, schools, medical and dental
facilities and internet cafes. San Cristóbal Mining Company has constructed a gravel road
from San Cristóbal, approximately 100 km south west of Uyuni, to the border with Chile.
4.2 Property Status
The following is an excerpt from Pressacco et al. (2010) that outlines the mineral title
position and governance regime applicable to the Pulacayo property at the effective date of
this report.
4.2.1 Overview of Bolivian Mining Law
The granting of mining concessions in Bolivia is governed by the Constitution (Constitución
Política del Estado), the Mining Code (Código de Minería) enacted by Law No. 1 777 of
March 17, 1997, supplemented by certain Supreme Decrees that rules taxation,
environmental policies, and administrative matters, etc.
Ground and underground resources are from original domain of the Bolivian state and the
resources can be granted for its exploitation; but the Bolivian state is prohibited to transfer
them, according to the Article 349.I of the Constitution.
Bolivian or foreign companies or individual persons may have mining concessions; with the
exception of minors, governments agents, armed forces member, policemen, as well as
relatives of the mentioned persons, etc., according to the Second Chapter of the First Title of
the First Book of the Mining Code (Articles 16 to 23).
TWP Sudamérica S.A. Av. Encalada 1257 Of. 801, Santiago de Surco Lima 33, Perú (51-1) 4377473
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