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Astur Gold (AST) RSS Feed

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Created
12/20/12
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http://www.asturgold.com/s/Home.asp

Astur Gold is developing its 100% owned Salave Gold Project in Asturias, northern Spain.

Salave is one of the largest undeveloped gold deposits in Western Europe.

The Company received approval for an underground mine from the Commission for Environmental Affairs of the Principality of Asturias in November 2012.

Astur Gold intends to bring Salave into production as soon as possible. The Company is building a partnership with the people of Asturias to generate sustainable economic benefits for the region while balancing the needs of environmental protection and social community development.



Share Structure (May 15, 2012)
Shares Outstanding: 34,505,689
Options @ C$0.90 exp. June 4, 2013 950,000
Options @ C$0.75 exp. August 23, 2013 500,000
Options @ C$1.20 exp. October 12, 2013 300,000
Options @ C$1.20 exp. October 15, 2013 35,000
Options @ C$1.35 exp. November 3, 2013 35,000
Options @ C$1.60 exp. January 24, 2014 51,000
Options @ C$2.50 exp. February 24, 2013 75,000
Options @ C$1.75 exp. May 11, 2014 320,000
Options @ C$2.00 exp. August 12, 2013 50,000
Options @ C$2.00 exp. September 2, 2014 125,000
Options @ C$1.80 exp. October 26, 2014 85,000
Options @ C$1.30 exp. February 28, 2015 175,000
Options @ C$1.25 exp. April 1, 2015 102,000
Options @ C$0.85 exp. December 10, 2017 75,000
Fully Diluted Shares: 37,383,689



english corporate presentation
Corporate Presentation - December 2012


fact sheet
View our Corporate Fact Sheet (PDF)



Why Astur Gold?

  • One of the largest undeveloped gold deposits in Western Europe

  • NI 43-101 compliant resource base totaling 2 Million ounces of gold

    • 17.9 M tonnes at 2.9 g/t Au for 1.7M oz M&I resources

    • 2.6 M tonnes at 1.9 g/t Au for 160k oz Inferred resources

    • 1.2 M tonnes at 4.7 g/t Au for 180k oz of UG Inferred resources

  • Received approval for an underground mine from the Commission for Environmental Affairs of the Principality of Asturias in November 2012

  • 2011 PEA projects underground mine production of 9.8Mt at 4.23 g/t Au (8.3 Mt M&I at 4.31 g/t Au) totalling 1.27Moz over 10 year mine life, yielding estimated pre-tax NPV5% of US$391; 46% IRR; and 2.2 year capital payback period using $1,100/oz gold price

  • Overwhelming local community support for mine development

  • Strong Board and Management driven to put Salave into production as soon as possible

  • Potential for further resource growth - deposit open at depth

  • Undervalued at under $15 EV/oz (EV = Enterprise value)





  
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