• 100% interest
  • Existing JORC (2012) Resource based on thiosulphate processing
  • Historic JORC (2004) Resources & Reserves based on cyanide processing
  • Over 1.5Moz gold produced historically
  • Opportunity to develop a low impact underground gold mine using simple non-cyanide based processing technology

Project Highlights

  • 100% owned
  • 9km2 Kremnica Mining Licence
  • Low cost and safe EU jurisdiction of Slovakia
  • Advanced gold asset with an existing PFS completed by SRK Consulting
  • Current JORC (2012) Resource of 21.2Mt @ 1.50 g/t Au and 11.6 g/t Ag, containing 1.026Moz of gold and 7.94Moz of silver on an open cut scenario with a further 388kt @ 3.45 g/t Au and 21.6 g/t Ag containing 43koz of gold and 270koz of silver on an underground basis
  • 90.5% gold recovery using ammonium thiosulphate (non-cyanide)
  • Historic open cut JORC (2004) Resource of 25.1Mt @ 1.64g/t AuEq for 1.32Moz AuEq estimated by Snowden Mining Industry Consultants (2012 Snowdens Resource Report) based on cyanide processing
  • Open cut JORC (2004) Proven and Probable Ore Reserve of 14Mt @ 1.90g/t AuEq for 873koz AuEq estimated by SRK Consulting (2013 Pre-Feasibility Study) based on cyanide processing
  • Historically produced over 1.5Moz of gold and 6.7Moz of silver worth more than A$3.4 billion at today’s metal prices (19 November 2019)
  • Opportunity to apply simple and low impact underground mining techniques and gravity separation and flotation processing to a historically significant gold deposit
  • Barrick Gold Corporation adopted a thiosulphate gold recovery circuit in its operations at the Goldstrike Mine in Nevada – see NI 43-101 Technical Report (March 2019)
  • Significant exploration upside exists along strike of the main Sturec defined resource as well as down dip / plunge of the existing ore body

Project Location

Resource Expansion Targets

Resource Table