KURZEME PROJECT 2015 INVENTUS MINING CORPORATION

Embed Size (px)

DESCRIPTION

Kurzemes Like Structures € 26.0 billion € 7.3 billion € million € million € million € million

Citation preview

KURZEME PROJECT 2015 INVENTUS MINING CORPORATION PRECAMBRIAN SHIELD (FROM KOISTINEN, 1994) Kurzemes Like Structures 26.0 billion 7.3 billion million million million million Mineral Deposits of Fennoscandia KURZEME GEOLOGICAL STRUCTURE GEOLOGY 2013 INTREPRETATION RESULTS IMPROVED GEOLOGICAL INTERPRETATION WITH 723 DATA POINTS AGREEMENT OF POSITIVE GEOLOGY AND GEOCHEMISTRY DEVELOPING GEOPHYSICAL INTERPRETATION RESULT: GOOD STARTING POINT FOR FUTURE WORK GOOD INTRUSIVE AND FOOTWALL GEOLOGY NEAR PRIEKULE AGREEMENT WITH MAGNETICS, GRAVIMETRICS DETAILED NON-INTRUSIVE SURFACE WORK POSSIBLE BOREHOLES IN AREA MAY BE FUTURE PLATFORMS ON-GROUND WORK COULD PROCEED Inventus Kurzeme Mine Similar to EU i2mine Concept Gravel 1.1 km ? Sedimentary Rocks Kurzemes Structure Valuable Deposit meters 3 mines in Poland and 18,000 employees globally Forecasted 2012 unconsolidated revenues of 4.85 billion and after tax profit of 948,000,000 from copper and silver mining 32.5% owned by Polish Government Expanding globally, with 2011 acquisition of Canadian- based Quadra FNX (largest foreign acquisition in Polands history) KGHMs Polish-Based Mining Operations Agnico Eagle's Kittila Mine contains 5 million ounces of gold - value 6.6 billion One of largest European gold deposits The mine adds 330 million to economy annually Eldorado Gold is making 1.3 billion investment One operation mine, three in development stage Significant contribution to economy in stasis Finland Greece Kittila Mine, Finland Straton Mine, Greece Requirements TRANSPARENT AND READY ACCESS TO LATVIAN DATA LEGAL POSITION FOR INVENTUS ON THE GROUND ACTIVE LATVIAN OPERATING PARTNERSHIP and ENGAGEMENT