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
![Sin-título-1-[Recuperado].png](https://static.wixstatic.com/media/e93377_d9771e4779ee4c089a7b78334df87aaf~mv2.png/v1/fill/w_490,h_566,al_c,q_85,usm_0.66_1.00_0.01,enc_auto/e93377_d9771e4779ee4c089a7b78334df87aaf~mv2.png)
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.
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.
NI 43-101 compliant Bankable Feasibility Study provides US$ 177 MM CAPEX and a 9.6-year life-of-mine.
Surface Rights Agreement with the community for 30 years and construction permits (EIA) granted by Peru's government.
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.
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.
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.
2021 Mineral Resource Estimate for the Ollachea Project based on the latest NI 43-101 PEA
Hectares of Concessions
9,899
A large open ended orogenic gold system
OLLACHEA
Main deposit
Deposit
Orogenic belt
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.
