Mineral

Gold

Location

100 Kilometres West of Kwekwe Town, Zimbabwe in the Silobela Communal Lands

Mining Rights

Single Mining Lease – Approximately 40 Square Kilometres

Infrastructure

Total Assets – Valued at US$6.7 Million as at 2010

Documentation Available

1.      Geological Reports

2.      Feasibility Reports

Funding Required

TOTAL US$15 Million for:

1.     Mine Recapitalisation

·         Mechanisation of underground production – drilling, loading and tramming

·         Upgrade of surface haulage fleet

·         Plant refurbishments to increase throughput, especially in the crushing and milling circuits

·         Improvement of water and electricity supplies

2.     Development and Growth

·         Shaft re-deepening programme to access depth extensions of ore bodies, that is, establishing a central and single lift hoisting system

·         Underground mineral resource of 546,000 tonnes@4.6 grams per tonne

·         Surface exploration activities required to increase mineral resource base

Partnership Proposal

Joint Venture

Shareholding negotiable according to each party’s contribution

Investment Benefits

·         Optimisation of Production to benefit shareholders.

·         Employment creation and boost to economy.