Chile, South America

Summary

• The Paguanta Zinc-Silver-Lead Project is located in northern Chile.
• Golden Rim owns 73% and is the manager
• Mineral Resource (JORC 2012), Measured, Indicated, Inferred Mineral Resource:¹
  • 2.4Mt at 5.0% Zn, 1.4%Pb, 88g/t Ag and 0.3g/t Au (8.0% ZnEq).
  • 190,000t of contained ZnEq metal
• Resources extend from surface and are amenable to open pit mining.
• High grade silver-lead–zinc has been intercepted at depth at Patricia and there is considerable scope for underground mining.
• More than 40,000m of drilling, predominantly diamond drilling, has been conducted at Paguanta.
• The majority of a Feasibility Study for Paguanta has been completed.
• Past expenditure on the project is approximately US$35m (A$47m).
• There is significant exploration upside to define additional silver-lead-zinc resources along strike and at depth at Patricia and potential for porphyry copper systems within the project area.

¹ For full Mineral Resource details see ASX Annoucement 30th May 2017