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Serabi Gold Ord Shs T.SBI

Alternate Symbol(s):  SRBIF

Metals & Mining Gold
Serabi Gold plc is a United Kingdom-based gold mining and development company. The Company is focused on the evaluation and development of gold projects in Brazil. The Company’s projects include Palito Gold Mine, Sao Chico Gold Mine, Coringa Gold Project, and Tapajos Regional Exploration, and Jardim do Ouro District. The Company’s Palito Gold Mine Project is located in the Tapajos region, in the southwest of the State of Para in northern Brazil. The Sao Chico Gold Mine Project is located approximately 30 kilometers to the southwest of the Palito mine and accessed by road from Palito along the Transgarimpeiro Highway through the town of Jardim do Ouro. The Company is developing the Coringa Gold Project, which is also located in the Tapajos region. Coringa Gold Project is located in north-central Brazil, in the State of Para, 70 kilometers southeast of the city of Novo Progresso. The Tapajos Regional Exploration of Brazil covers an area of 100,000 square kilometers (km2).


TSX:SBI - Post by User

Serabi Gold Ord Shs
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Post by paco01on Mar 13, 2024 3:13pm
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Post# 35931159

Serabi: Video Interview with Michael Hodgson, CEO 6/3/24

Serabi: Video Interview with Michael Hodgson, CEO 6/3/2423 min. Crux Investor interview 6/3/24.
https://www.youtube.com/watch?v=0D0gsCrcObA

The State hydro power supply is coming to Palito which will replace diesel for power generation which is Serabi's second highest cost after labour. Then the electric supply will be going in to Coringa. This will reduce AISC for the company by a significant amount. AISC of $1400 is expected giving a $600 margin per oz with gold at $2000.

Road from Coringa to Palito has been recently paved which makes trucking of ore to Palito quicker and a lot easier.

Palito production of 30k oz pa can go on for however long! 400k oz resource 20 years ago. That has been mined and now the resource is 500k oz which is the most it has ever been.

Coringa is similar. It could be a 1 million oz resource with grades 10 to 12 gm/ton. Production could be up to 70k oz pa to get production to 100k oz organically but that would require capex that is not available currently.

Ore sorter for Coringa is on the water from Poland heading to Brazil.
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