Name of the Project
Tocantinzinho gold project.

Location
Para state, Brazil.

Project Owner/s
G Mining Ventures Corp.

Project Description
The project has robust economics for a low-cost, large-scale, conventional openpit mining and milling operation, with industry-leading operating costs and a high rate of return.

The project outlines total gold production of 1.8-million gold ounces over 10.5 years, resulting in an average gold production profile of 174 700 oz/y.

The feasibility study project mine plan is based on proven and probable mineral reserves of 48.7-million tonnes at an average gold grade of 1.31 g/t for 2.04-million contained ounces of gold as of December 10, 2021.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at a 5% discount rate, of $622-million and an after-tax internal rate of return of 24%, with a payback of 3.2 years.

Capital Expenditure
Initial capital costs are estimated at $458-million.

Planned Start/End Date
The project is construction-ready and first production is expected in the second half of 2024.

Latest Developments
G Mining Ventures has drawn down $91-million on its $250-million gold stream with Franco-Nevada.

The proceeds of the gold stream will be used to develop the Tocantinzinho project, currently under construction.

In connection with the draw on the gold stream, G Mining has provided evidence to Franco-Nevada that it has sufficient funding to fully satisfy the remaining project costs required to achieve commercial production and project completion.

In addition, G Mining has also closed, satisfied the conditions precedent, and started drawing on the previously announced $40-million equipment financing facility with Caterpillar Financial Services.

The project remains on track and on budget for commercial production in the second half of 2024.

Key Contracts and Suppliers
None stated.

Contact Details for Project Information
G Mining Ventures Corp, email info@gminingventures.com.