The Board & Management of Mineralex Group comprise of experienced natural resources professionals with a proven track record in taking exploration stage projects up the value curve into either producing mines or projects that release value for shareholders through a liquidity event.
Following extensive exploration (Soil sampling, Stream sediment sampling, Rock sampling, IP survey. Trenching. Pitting. Bulk Sampling and Drilling), with $15 million spent, the company has identified Gold, Coltan, Tin, diamonds and REE deposits.
While the main focus is the Bedrock Gold and Coltan mining projects with completion within two years of the exploratory phase (JORC standards) to assess the 2 million gold oz and the 120,000 tons of Coltan, a multi-mineral approach was adopted to represents a risk reducing factor and the ability to share among the different minerals common extraction equipment, reducing considerably the overall capex.
While the bedrock exploration continues, in order to promote the low capex/opex approach, the company concluded Feasibility study for production of JORC 20,000 oz of gold ready to be mined with small mining operation.
Available reports: KPMG financial reports, Conceptual study (CS), Competent Person Report (CPR), Order of Magnitude (OOM) and 2 SRK reports.
While the main focus is the Bedrock Gold & Coltan mining project with completion within two years of the exploratory phase (JORC standards) to asses the 2 million Gold oz potential ant the 120,000 tons of Coltan , it was adoped a multi-mineral approach, because it represents a risk reducing factor and the ability to share among the different minerals common extraction equipment, reducing considerably the overall capex.
Seeking to raise $11m to complete within two years the Bedrock Gold & Coltan exploratory phase (JORC) to support the 2 million oz an the 120,000 tons resource, while allocating some of the funds to improve current extraction of Elluvial Gold, Alluvial Coltan and Alluvial diamonds.