Big River Gold.

Big River Gold Limited (ASX:BRV) is a cashed up, debt free company focused on advancing its wholly-owned Borborema Gold Project in Brazil. Borborema is an open pit gold project with strong economics, comprising a 2.43Moz JORC Compliant Resource and a 42.4Mt Ore Reserve containing 1.61Moz gold at 1.18 g/t Au, with the opportunity to selectively mine higher grade components of a 35m wide ore zone to improve early cashflows.

Construction is planned for 2020 subject to completion of a Definitive Feasibility Study in Q4, 2019. Production rates will initially be at 2Mtpa recovering approximately 70,000oz gold pa.

The project is fully permitted, enjoys an excellent location and infrastructure and will be granted significant taxation benefits from State and Federal governments.

Investment Highlights

• Big River is cashed up with no debt and is bringing a large gold mine into production at a time of rising gold prices.
• The Company has only one focus at present which is to bring the Borborema project into production with construction planned to start in 2020.
• The Borborema project will be the largest project in the underdeveloped north eastern Brazilian state of Rio Grande do Norte. As a consequence it is receiving a lot of local and Government support and assistance. Preferential or deferred tax rules, including eligibility for a low corporate tax rate, and supportive operating conditions are being provided.
• Borborema is not remote but situated in a semi-arid region with excellent infrastructure and access to major highways, ports and regional towns.
• Tailings will be dry stacked above surface to conserve water which means no tailings dam is required. In the current investment climate in Brazil that is a positive in terms of getting environmental approvals and local support.
• All major permits required to commence mining have been issued (environmental and construction) which can otherwise take years to secure.
• Higher grade sections of the resource will be preferentially scheduled in the first 4 years to ensure strong early cashflows while plans are finalised to ramp up production rates to maintain and improve cashflows.