Generating Cash Flow from Toll Milling and Small Scale Mining
PARA-PPT-Nov-5-2015_Final
PARA-PPT-Nov-5-2015_Final
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<strong>Toll</strong> <strong>Milling</strong> practically eliminates the <strong>Mining</strong> Risk:<br />
TOLL MILLING<br />
• Feed material is purchased based on the assayed amount of gold<br />
in the rock delivered by the artisanal miner.<br />
• The El Limon mine is located near Zaragoza, Colombia, a prolific<br />
<strong>and</strong> historic gold producing area.<br />
• Over 1,000 local artisanal miners within a 150 km circle of El<br />
Limon are mining suitable feed material with a range of diluted<br />
grade greater than 8 gpt (average 10 gpt).<br />
• Rock mined <strong>from</strong> the El Limon mine will supplement the more<br />
than 200 MT per day of feed material available to be contracted<br />
<strong>from</strong> among the 57 local mines.<br />
• Environmentally sound way to eliminate mercury used by<br />
artisanal miners.<br />
• El Limon has strong <strong>and</strong> proven operations management.<br />
• CML management has track record operating other toll mining<br />
operations.<br />
• Similar operations indicate that:<br />
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at 10 gpt processing cost is $241 per ounce.<br />
At $1,050 per ounce for gold, total cost of feed material<br />
<strong>and</strong> processing is $687 per ounce at similar operations.<br />
<strong>Toll</strong> milling operations breaks even when gold is $500/oz.<br />
<strong>Small</strong> scale artisanal miners within 150 km of el Limon<br />
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