The overall geological mineral reserves assets of AU MIN AFRICA PTY LTD is to exceed approx. 170,000t oz of Gold, 150 tons or 4,822,612t oz of Silver, 130,500,000tons or 287,700,300,000 lbs of Copper and 1Billion (1,000,000,000) or 2,204,6000,000,000 lbs of Nickel. At the current Gold price rate of approximately USD $1,321.00/troy ounce, the Silver price of $21.00 USD/troy ounce, the Copper price of USD $3.21/lb, and the Nickel price of USD $8.77/lb as of July 7, 2014. The estimated Total Gross Revenues for its geological mineral reserves are approximately to exceed more than $20.2 TrillionUSD ($20,200,923,807,852.00), over the lifetime of the investment.
The Current Situation: The first alluvial mine started its operations and yielded 63.2 kilograms of Gold(2,033t oz) with an estimated market value of $2,684,113.00 USD with smooth production. The production will increase by 57% totalling to 99 kilograms. In 2015, an approximately 105 kilograms are expected to be produced. The overall total amount of gold to be produced within the period of mining operations since inception will be approximately 240 kilograms equivalent to 7,716t oz having an approximate market value of Ten Million One Hundred Ninety-Two Thousand, Eight Hundred Thirty-Six ($10,192,836.00) USD. This is relatively small quantity due to the fact that the financial means have been a challenge and concentrated on exploration of other mine sites during the initial phase.
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