Oakdale, through its 100% owned Peruvian subsidiary Ozinca Peru SAC, is the owner and soon to be operator, of a CIP Gold lixiviation plant in Southern Peru.
The plant is strategically located in a highly mineralised area, with thousands of small miners in the immediate vicinity, all of whom are potential customers for our processing business.
The Company intends to secure supply contracts with many of these miners as source feed for its Chimu Gold Plant.
Oakdale has signed an option agreement to purchase the Hanai and Burpar concessions which are highly prospective for high grade Gold lane deposits which are suitable for treatment at its Gold processing facility.
Recently, Oakdale has further signed a Binding Option Term Sheet to acquire the Alpine Projects in Nevada, USA incorporating the Tonopah North, Douglas Canyon and Lambarson Canyon Projects.
About the Oakdale Operation
Oakdale has a development plan based on initially commencing operation of the current CIP lixiviation plant, processing 40 tpd. This will enable the company to quickly push the plant into early production, and generate early and significant cash flow.
Once the initial capital raising is complete, the process of upgrading the existing plant to 40 tpd will commence.
New infrastructure to be built in phase one, includes upgrade to the existing laboratory, supply and installation of an 80 foot, 40 tonne weighbridge and installation of a new and substantial tailings facility.
The opportunity for the Gold Plant to start operations at a production rate of 40 tonnes per day will add great value to Ozinca, and enable cash-flow to commence almost immediately.
Peru is a mineral rich country and is in the top five producers in the world for copper, zinc, lead, silver and gold. The Peruvian economy has grown strongly through the last decade, with a stable exchange rate and low inflation.
The government’s pursuit of sound trade and macroeconomic policies has seen the country enter into numerous free trade agreements and taxation treaties. The Peruvian economy has grown at an average rate of 5.9% over the past decade, with GDP increasing 2.5% and 4% in 2017 and 2018, respectively. Growth is largely due to the mining industry, particularly in silver, zinc and copper, which provides an attractive investment environment. GDP growth for 2019 is expected to be in the vicinity of 3.5%.
Oakdale Resources Limited
Unit 3/32 Harrogate Street West Leederville WA 6007 Tel: +61 8 6117 4797
Ozinca Peru SAC
Calle Cura Bejar 190 Oficina 303 San Isidro Lima - Peru Tel: +51 1 421 2009