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One open pit gold mine in production

One underground gold mine project in development

MINERA IRL LIMITED IS A MINING COMPANY FOCUSED ON THE EXPLORATION AND PRODUCTION OF GOLD THAT OPERATES THE CORIHUARMI GOLD MINE AND IS CURRENTLY ADVANCING THE OLLACHEA GOLD PROJECT.

Minera IRL is listed on the Lima Stock Exchange in Peru (BVL:MIRL), the Canadian Securities Exchange (CSE:MIRL), the Frankfurt STock Exchange (FWB:DZX), and the OTCQB Venture Market in the United States (OTCQB:MRLLF)

TOTAL SHARES  231,135,028 

 

CORIHUARMI GOLD MINE

OLLACHEA GOLD PROJECT

Location

Mineral

Mine Type

Life of Mine

Status

Junin / Central High Andes

Gold

Open Pit

3Q 2024 +(LOM Extension in progress)

In Operation (Since 2008)

Location

Mineral

Mine Type

Life of Mine

Status

Puno

Gold

Underground

11 years

In Development

OROGENIC BELT

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THE OLLACHEA GOLD PROJECT IS AN UNDERGROUND MINE AND GRAVITY CONCENTRATION AND CARBON-IN-LEACH PLANT DESIGNED TO TREAT 3,000 TONNES PER DAY AND PRODUCE AN AVERAGE OF +100,000 OUNCES OF GOLD PER YEAR OVER THE LIFE OF MINE.

MORE THAN US$ 130 MILLION INVESTED SINCE 2006.

OLLACHEA GOLD PROJECT

Located in southeastern Peru in the Puno Region, our flagship 0llachea gold project has obtained all key construction permits and mining approvals to build an underground mine and gravity concentration and carbon-in-leach plant designed to treat 3,000 tonnes per day. The project LOM is 11 years, with an average production of +100,000 ounces of gold per year.

2008 - 2010

More than 82,000 m of exploration drilling at Minapampa, and Concurayoc located only 400 m west of the Minapampa zone, all within the orogenic gold system.

2011 - 2012

NI 43-101 compliant Bankable Feasibility Study provides US$ 177 MM CAPEX and a 9.6-year life-of-mine.

2013 - 2014

Surface Rights Agreement with the community for 30 years and construction permits (EIA) granted by Peru's government.

2015 - 2020

Estimated additional 0.5 million ounces of gold based on more than 5,200 m of drilling completed in Minapampa Far East, which also confirms that gold mineralization remains open to the east and at depth.

2021

NI 43-101 compliant PEA provides start-up CAPEX of US$ 89 MM (including 25% contingency) based on gravity concentration and CIL processing and 11-year life of mine. Estimated construction timeframe of 14 months.

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Project Highlights

NI 43-101 compliant Bankable Feasibility Study and PEA completed. 
Strong Project Economics with low CAPEX start-up estimated at US$ 89 million including a 25% contingency with an after-tax payback period of 2.5 years.

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2021 Mineral Resource Estimate for the Ollachea Project based on the latest NI 43-101 PEA

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Hectares of Concessions

9,899

A large open ended orogenic gold system

OLLACHEA

Main deposit

Deposit

Orogenic belt

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Key Investment Highlights 

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A Shovel Ready Gold Project

Ollachea is a unique opportunity as it
currently holds all permits and studies necessary to initiate construction.

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Appropriate Infrastructure and location

Ollachea is near the Interoceanic Highway, Matarani Port and Juliaca Airport. Its location also provides supply chain advantages, and access to qualified labor and energy supply.

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High  Development Potential

Further potential to extend the initial estimated life of 11 years exists in the Concurayoc zone, located just 400 m west of Minapampa.

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Strong Community Relationship

Strong ties with the community supported by several ongoing community programs and a precedent-setting 30-year Surface Rights Agreement that grants a 5% interest in the Project.

CORIHUARMI
GOLD MINE

Located at 5000 metres above sea level in the Peruvian Mountains, Corihuarmi is an open pit operation that has been in production since 2008. Its life of mine has been extended three times since the initial Feasibility Study completed in 2006 that provided for a life span of only four years. The world class Australian Mining Engineering Company Mining Plus completed in 2021 a Mineral Resource Estimated that confirmed that Corihuarmi will continue to produce gold until August 2024, with Measured and Indicated Resources totalling 13.83 million tonnes at an average grade of 0.21 g/t.  Mining Plus has again been engaged to upgrade the Mineral Resource Estimate, with positive results expected before the end of 2022.

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