Galane Gold Company Profile

Galane Gold

AN UN-HEDGED GOLD PRODUCER AND EXPLORER COMMITTED TO OPERATING AT WORLD-CLASS STANDARDS WITH A KEY FOCUS ON ITS MUPANE AND GALAXY PROJECTS
Company Exposure

Gold

Company Listing

Galane Gold

Stock Code

TSX-V:GG

Company Overview



Galane Gold is a greenstone gold producer with a management team which boasts extensive experience in turning around challenging mining operations across the globe.
Galane currently owns two assets. Mupane Gold Mine in Botswana and Galaxy Gold in South Africa. The Mupane Gold Mine has produced over 700,000 ounces, with an annual production forecast of over 34,000 ounces a year going forward at a forecast AISC of approximately $1,050 an ounce. Galane’s second project, Galaxy Gold has produced over 1 million ounces historically and has a funded plan to restart production up to a forecast 27,000 ounces per annum at an AISC of $900 an ounce.
Galane is committed to operating at world-class standards, focused on the safety of employees, respecting the environment, and contributing to the communities in which its operate.

COMPANY STRATEGY

To reshape the Company into a long-life and low-cost operation that can produce positive returns for investors across commodity cycles.

INVESTMENT HIGHLIGHTS

  • Low cost production growth from the recently acquired Galaxy Mine
    Phased, low-cost gold production expansion to over 27,000 oz Au/year at AISC below US$900/oz M&I resources of 602,696 oz Au at 3.01 g/t Au. Inferred resource of 886,199 oz Au at 3.40 g/t Au
  • Operating improvements at the Mupane Mine
    Improved grades, higher recoveries and consistent ore supply forecast to increase annual gold production to over 34,000 oz and decrease AISC to US$1,050/oz Au
  • Substantial exploration upside
    Excellent potential to expand gold resources at the Galaxy Mine to over 4.0 million oz
    Earn in agreement with B2 Gold at the Mupane site with 1,200km2 of prospective ground
  • Excellent re-rating potential and leverage to rising gold prices
    Trading at a fraction of the P/NAV multiples of other gold producers in Africa
    Opportunity to quickly expand production at a low capital cost at higher gold prices
  • Experienced management team
    Operating experience and exploration expertise in Greenstone mining

PROJECTS


MUPANE GOLD

Location
30km SE of Francistown North Botswana
Resources
414,374 oz Au Measured and Indicated and
219,765 oz Au Inferred (as of Dec 31, 2017)
Mine Life
5+ years, with opportunity to extend
Production Forecast

  • Average of 34,000 oz Au per annum
  • Approximately $1,050 / oz all-in cost on 5 year plan
GALAXY GOLD

Location
Barberton in Northeastern South Africa
Resources

  • 602,696 oz Au Measured and Indicated and
  • 886,199 oz Au Inferred (as of August 2015)

Mine Life
10+ years
Production Forecast

  • Average of over 27,000 oz Au per annum US$900 / oz all-in cost
Live Financials

Latest Announcements

Share Price Performance

DIRECTORS & MANAGEMENT

Ravi Sood – Chairman
Nicholas Brodie – CEO
Wayne Hatton-Jones – COO
Gavin Vandervegt – CFO
Kevin Crossling – Business Development Manager

Major Shareholders

Converted Galaxy Shareholders 16.6%
Widely Held 39.7%
Management and Insiders 43.8%

GALAXY MINE

Galaxy Highlights

  • Near term production asset with existing mine and processing facilities
  • Cost is a fraction of replacement cost
  • Ability to increase production in easy manageable steps with minimal capital requirements
  • Ability to increase resource substantially
  • Greenbelt underground project which is a good fit with our existing property Mupane both in location and skill set
  • Surrounded by prospective targets

Current Status

  • Galaxy operation ready to commence start-up
  • Existing 15kt per month plant has been refurbished and is operational
  • PFS complete for expansion plan
  • BEE Partner sourced for local operation

Next Steps

  • $10 million funding required ($8.8m total budget; $1.2m contingency)
    • $5m debt raise – completed
    • $2m equity raise
    • $3m internal cash flows from existing operations
  • Funding will
    • Complete adit at 22 level to access Galaxy ore body and remove the constraint of the shaft
    • Expand existing plant by15kt per month to double the capacity
  • Finalise off-take agreements
    • At an advance stage for concentrate at a 72% payable on gold content

MUPANE: Tau – The Future

Tau Extended Life
The initial mine plan for Tau was based on the results of historic exploration and envisaged the mining of 85,000 ounces over 62 months as reported in our press release of May 12, 2014. The new mine plan has added a further 44,300 ounces of gold and 20 months. The additional ounces and life can be attributed to the conversion of Inferred Resources as well as the discovery of the potential extension of the Tau orebody. Exploration drilling has commenced on the extent of this potential extension and we expect to be able to update the market on the results of this exploration early in 2018.

C Reef

  • At 820RL the strike extent was found to be 60m; at 800RL the strike extent increased significantly to 135m
  • 780RL we are currently mining along strike and a total of 70m of strike with a width of 15m has been exposed
  • From the development channel sampling the intersected grade on the 820 level was 4.78g/t and on the 800RL level was 2.51g/t
  • At 780RL the intersected grade is 3.66g/t for the 70m of exposed strike length
Mupane Mine – Exploration Potential

  • Over 100 exploration targets generated from soil geochem and aero-magnetics work carried out
  • Mupane focus on near mine on mining licences including Tau Deeps
  • Earn in Agreement signed with B2 Gold on Prospecting Licences
Reasons To Invest

Contact Details

WEBSITE: www.galanegold.com

EMAIL: investors@galanegold.com

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