Mabilo High-Grade Copper and Gold Project – Philippines
• RTG Mining holds a 40% interest in Mt. Labo Exploration and Development Corporation (“Mt. Labo”) which owns the high-grade Copper and Gold Mabilo Project in the Philippines, together with a 2% Net Smelter Royalty and a loan of approximately US$27M, to be repaid out of the proceeds of Stage 1, the planned Direct Shipping Operation (“DSO”).
• Recent strengthening in both copper and gold prices, and general consensus forecasting continued growth in both commodities, means start-up of this project is well positioned to capitalise on a stronger market and generate significant and early cashflows.