St Augustine Gold and Copper Ltd T.SAU

Alternate Symbol(s): RTLGF

Metals & Mining Gold

St. Augustine Gold and Copper Limited is a Singapore-based mineral exploration company. The Company is focused on the King-King copper-gold project on the island Mindanao in the Philippines. The King-king tenement is comprised of 184 mining claims that are owned by Nationwide Development Corporation (NADECOR). The Project is a copper-gold mineral reserve located at Sitio Gumayan, Barangay King-king, Municipality of Pantukan, Davao de Oro, on Mindanao Island, Philippines. Its deposit is a porphyry copper-gold deposit hosted primarily by porphyritic hornblende diorites, submarine volcanic rocks, and volcanoclastic sediments. The sulfide copper mineralization in the King-king deposit consists of chalcopyrite and bornite, with lesser amounts of chalcocite, digenite, and covellite.

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St Augustine Gold and Copper Ltd > DENR Secretary Roy A. Cimatu and King-king

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Comment by shawshank2on Apr 28, 2021 4:58pm

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Post# 33086378

RE:RE:DENR Secretary Roy A. Cimatu and King-king

Hcgfllkp wrote: So SAU has to first complete a feasibility study to be considered for approval.

db2067 wrote:

The DENR chief vowed that pending applications would only be approved by the Mines and Geosciences Bureau (MGB) “only after a thorough review and validation of the Final Exploration Report and Mining Feasibility Studies.”

The Mining Feasibility Study, he said, should also show that the cost to develop the mine can pay for all the expenses related to the mining operation, including operating costs, administration overhead, and milling cost if there is a processing plant, environmental cost, social development cost, and safety and health cost.

If the feasibility studies “show less than ideal returns from the operation,” Cimatu said the application would likely be turned down.