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St Augustine Gold and Copper Ltd T.SAU

Alternate Symbol(s):  RTLGF

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 approximately 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.


TSX:SAU - Post by User

Post by singlefileon Jul 26, 2020 12:11pm
197 Views
Post# 31320746

Back in the Day - King King and Gold at 1300 /ounce (link)

Back in the Day - King King and Gold at 1300 /ounce (link)

MANILA, Philippines - The King King copper-gold project of Nationwide Development Corp. and Canadian miner St. Agustine is seen to be profitable for its duration, results of the pre-feasibility study for the project showed.  The result released by the joint venture operation has a pre-tax net present value of $2 billion, and an estimated pre-tax internal rate of return of 24.8 percent.

This was arrived at using an eight percent discount rate, a $1,250 per ounce gold price and a $3 per pound copper price.


https://www.nadecor.com.ph/news/feasibility-study-shows-king-king-project-profitable.html

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