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 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.

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St Augustine Gold and Copper Ltd > Convert M/I to Proven/Probable per SEC Regulations

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Comment by RealityCheck123on Jul 16, 2021 12:42pm

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Post# 33560037

RE:RE:RE:RE:RE:RE:RE:Convert M/I to Proven/Probable per SEC Regulations

Thank you double-checking me.

Additionally, a NI 43-101 Preliminary Economic Assessment (PEA) does not establish compliant mineral (proven/probable) ore reserves.

There are only two potential up coming events (aside from political and regulatory happenings) that should be exciting specifically regarding the project:

1. Completion of a compliant Preliminary/Final Feasibility Study disclosing-establishing true proven/probable mineral ore reserves. The $12 million which appears excessive.

2. A real mining JV partner or complete buy-out.

IMO, you might see #1 completed within 2-years, and
#2 possibly not in our life times.

I will post by new thread my additional thoughts.