Olympus - Emerging Producer, Aggressive Explorer
“Generating significant shareholder wealth and employee fulfillment”
Olympus Pacific Minerals Inc. is an emerging gold producer that is focused on growth through discovery in Southeast Asia. The company will continue to develop its core properties; Bong Mieu & Phuoc Son in central Vietnam and the Capcapo Gold Property in the northern Philippines. Exploration drilling has commenced at the newly acquired Capcapo Gold Property and plans are being initiated for the 2008 start up of the company's second gold processing plant in Vietnam.
Employing over 400 employees in SE Asia and drawing its key personnel from a worldwide base, Olympus has an experienced management team with a globally proven track record in gold mining & exploration. Management is solely dedicated to Olympus and exclusively focused on developing the company assets.
Olympus has been successful in raising funds to meet its aggressive exploration targets. Up to December 2006 funds were used predominately for drilling programs at Bong Mieu and Phuoc Son. As of January 2007, Capcapo Northern Philippines has been added to these two projects.
Once the Phuoc Son project commences production in late 2009 it is fully expected that the company will be self sustaining.
Olympus is producing and shipping gold from its Bong Mieu demonstration plant and contributing positive cash flow. The company recently announced, the completion of the Phuoc Son Feasibility Study, which recommends the development and construction of a gold processing plant capable of producing some 60,000 ounces of gold on an annualized basis. Upon securing the necessary debt financing, the Company will continue the development and construction of Phuoc Son, its second gold plant in Vietnam.
The Company is nearing completion of an in-house scoping study at Bong Mieu, which will lead to a full feasibility study to justify increasing Bong Mieu's annual production to 100,000 ounces of gold. Over the next three years total gold production between Bong Mieu and Phuoc Son is forecasted at 160,000 to 170,000 ounces on an annualized basis.
Exploration success at Bong Mieu and Phuoc Son has been significant with recent resource updates; Bong Mieu on October 9, 2007 and Phuoc Son on January 15, 2008. The budget for exploration activities over the next five years is projected to be in excess of US$25 million, much of which will be funded from production.
Check out Sympatico/MSN.com interview with David Seton, Executive Chair/CEO of Olympus Pacific Minerals Inc. ---> http://video.msn.com/video.aspx?mkt=en-CA&brand=sympatico&vid=c93f926f-0de9-4c0f-b8c4-dfd49627644b
OTC Market Tier Pink Quote/OTCBB
Primary SIC — Industry Classification 1000 - Metal Mining
State Of Incorporation ONT
Jurisdiction Of Incorporation Canada
Year Of Incorporation 1996
Company Officers David Seton, Executive Chairman, CEO
Colin Patterson, President
SEC Reporting Status non-SEC Reporting Company
Fiscal Year End 12/31
Non-U.S. Exchange Listing (OYM) Toronto Stock Exchange
Estimated Market Cap $6,650,528 as of Nov 3, 2008
Outstanding Shares 133,010,570 as of Dec 31, 2007
Number of Share Holders of Record 512 as of Mar 28, 2008
Transfer Agent Computershare Trust Company of Canada Inc.
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