Privileged Mine location – Estimated reserves 2.9 Billions Mt of Fe 53% – Minimum
MINE for SALE – Iron Ore
SOUTH PERU
PROPERTY DESCRIPTION
Located in a privileged Mining area with Direct access to Railway and Port.
6,,500 +/- Hectares of mining claims in the most important province with Iron deposits in Perú.
Estimated reserves based on Aeromagnetometry.
MINIMUM ESTIMATE
2,900,000,KTM of 53% Fe;
MAXIMUM ESTIMATE
4,400,000 KTM of 52% Fe
For all the instance a Mine deposit with initial Geophysical Modeling from 52% arriving to 64%
Fe 64.96 %
SiO2 5.06 %
P 0.09 %
Cu 0.2 %
Estimated by a Peruvian Geophysical Consultancy Group.
Average Fe 55% is ONLY an initial approach to advance further with Metallurgy and Plant construction asSinter feed ( 64% to 67%)
There are several companies working in the neighboring sites. These companies are developing the roads, water projects, energy sources and Port for mining and transportation of the Iron Ore.
Purchase Options:
I.- PAYMENT IN CASH
Upon Completing Due Diligence and Legal Documents
Direct Purchase Cash Price: US$ 22 Millions.
II.- PAYMENT BASED ON EXPLORATION RESULTS:
Exploration Period : 5 – 8 Months
Exploration Down Payment : US$ 2.4 Millions
Economic Feasibility:
I.– MINERAL TRANSPORTATION COSTS
Mineral Exploitation: US$ 4.0 Pmt
Mine Site to Railway US$ 7.0 Pmt
Railway to Port US$ 9.2 Pmt – Average
PROCEDURES
– Letter of Intent containing:
Identification of Buyer group with commercial, banking references and evidence of financial qualification, POF (Proof of Funds).
– After the verification of the Letter of Intention of Purchase and proof of funds, will be marked, a meeting between the final purchaser or solicitor (this, duly authorized to represent the purchaser – Letter of Authorization).
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Available documents:
– Complete Overview of Economic Performance from Peru
– Mine Business presentation (Power Point).
– All legal documentation (Translated).