GOLD MINING COMMENCEMENT - InterGroup Mining …€¦ · Shareholder Update 22nd December, 2017...
Transcript of GOLD MINING COMMENCEMENT - InterGroup Mining …€¦ · Shareholder Update 22nd December, 2017...
ShareholderUpdate
22nd December,2017
DearShareholder,
Itisgreattobeabletosharewithyousomephotosofminingcommencementthismonth,ontheMiningLeaseareaatBrilliantBrumby.Extensiveworkisnowbeingcarriedoutto• Exposethegoldbearingquartz• Stockpileoreforprocessing• Preparedrillpadsforfurtherexploration
GOLDMININGCOMMENCEMENT
Inordertomaximisereturnandshareholdervalue,theCompanyisreviewingarangeofoptionsforthetreatmentoforeandgoldproduction.Theseinclude• Theshipmentoforetoanearbygoldmine,alreadyestablishedtoproducegolddore (asaninterim
measure)• Thecrushingoforeandproductionofagoldconcentrateonsite,forlatershipmenttoanearby
minetoproducegolddore• Theestablishmentoffullproductionfacilitiesonsite
REVIEWOFGOLDPRODUCTION
OPTIONS
GoldProcessingFlowSheet
Recentrecoveryoforethroughasmalltraileroforecrushedandseparatedonsite
QuartzSamplefromMiningLease
GOLDRECOVERY&LABTESTING
Excellent results have been obtained on gold ore from the Brilliant Brumby Project. The aim of the testwork was to determine the amenability of the ore to Gekko Python processing technology and inparticular to determine the maximum gold recovery. It was found that:• The calculated head grade from the 54.32 kg Two Stage CGR test was 8.74 g/t Au. This compared
well to the calculated head grade derived from the 1 kg grade by size analysis of the minus 1.18 mmfeed, which was 8.38 g/t Au.
• Combined Two Stage CGR, Single Pass Knelson and flotation gave an outstanding overall goldrecovery of 97.5% into 5.84% of the mass at a concentrate grade of 135.8 g/t Au.
LabScale
CrusherShakingTable
Concentrator FlotationUnit
QuartzSamplefromMiningLease QuartzSamplefromMiningLease
Extensive geological reconnaissance within andbeyond the Mining Lease area have evidencedfurther significant discoveries, including
• The highly mineralised zone appears toextend for a further kilometer - requiring aninevitable expansion of the Mining Lease area
• The gold ore bodies may all connect up (asone) underground, rather than be isolatedtargets.
MININGLEASEEXTENSIONPROPOSED
TheGeologyCrew
BBCamp
EXPANDED(EPM)EXPLORATIONLEASEAREAS
Note:JodoGoldPtyLtdisa100%ownedsubsidiaryofIntergroupMiningLimited
OAKEYCREEK
OAKEYCREEKMundicBreccia
outline
OutlineofMundicBrecciaatOakeyCreekwithinsetsatsamescale
KidstonGoldMineBreccia
(5millionozAu)
MtLeyshonGoldMineBreccia
(3.5millionozAu)
The Oakey Creek EPM represents a compellingprospect. Extensive research of the open filedata was undertaken which highlighteduntested gold potential. Definitive parametersare the known presence of gold, breccias andrhyolites.The principal target is the “Mundic Breccia”which lies within the Mundic Igneous Complex(Clarke & Paine, 1970) and is now believed tobe of Early-Mid Permian age (Jell, 2013, p.494).The breccia is larger than the those which hostthe Kidston and the Mt Leyshon 3 to 5 Mozgold orebodies .
BrandyCreek
HISTORICALMINESEXCEPTIONALGOLDVALUES
BRILLIANT BRUMBY& SURPRISE HISTORICAL
MINES
AVERAGE GOLD
GRADE
Twomines(locatedintheProjectAreaEPM)wasworkedbetween1937- 1940producing790ozofgoldfrom950tonsofore.
26 g/tAu
CHARTERS TOWERSHISTORICAL MINE
AVERAGE GOLD
GRADE
Thismineproducedover7millionozofgoldandisAustralia’srichestmajorgoldfield
34 g/tAu
GLOBAL GOLD MINESPRODUCING & UNDEVELOPED
AVERAGE GOLD
GRADEGLOBALLY
Afterexaminingall580golddepositsheldbypublic,privateandgovernmentbackedcompanieshereiswhatwasfound.(Source:NaturalResourceHoldings)
1.01 g/tAu
BRANDY CREEKHISTORICAL MINE
AVERAGE GOLD
GRADE
QLDMines annualreportsfrom1932-1935record83.5toforetreatedfor137.4oz.ofgoldatagradeof51g/tAu
51 g/tAuChartersTowers
34g/t
BrilliantBrumbyHistoricMine
26g/t
GlobalAverage1.01g/t
BrandyCreekHistoricMine
51g/t
IPOPUBLICLISTING
Timingisanimportantaspectofallmarketsandstagesofcompanydevelopment.ThetimingoftheCompany’spubliclistingisnodifferent.Itisconsideredthatanyfuturepubliclistingonaninternationalexchangeshouldbewelltimedsothatthecompanyhasarobustcashflowandexpandedresources. It
i s pl a nne d that thi s ca n o c c ur i n 2 0 1 8.Inparticular,theCompanywillreviewitspositioninrelationtothepubliclistingonce3-4monthsofproductionhavetakenplace.
In closing, management would like to offer our best wishes to all shareholders over the Christmas &New Year period. Thank you for your continuing support.
A RECENT VISIT TO BRILLIANT BRUMBY BY U.K. INVESTORS
PUBLICLISTING
AnExcitingRoadAheadAStoryaboutGrowth
www.igmining.com