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Antilles Gold Limited is a small Australian mining company which is progressively developing a series of mining projects in Cuba in a 50:50 joint venture with the Government’s mining company, GeoMinera SA.
The joint venture is in the advanced pre-development stage for two mines – the Nueva Sabana gold-copper mine within the El Pilar concession in central Cuba, and the La Demajagua gold-silver-antimony mine on the Isle of Youth off the south west coast, and is also negotiating to develop an additional oxide gold deposit in central Cuba.
These three projects, have the potential to collectively produce ~150,000oz Au equivalent per year after being developed sequentially between mid 2024, and mid 2027.
The opportunity exists to increase foreign ownership in the joint venture from 50% to 70%, and for it to develop additional mining projects in the future including porphyry copper projects at El Pilar, and three within the Sierra Maestra copper belt in south east Cuba.
The joint venture is in the advanced pre-development stage for two mines – the Nueva Sabana gold-copper mine within the El Pilar concession in central Cuba, and the La Demajagua gold-silver-antimony mine on the Isle of Youth off the south west coast, and is also negotiating to develop an additional oxide gold deposit in central Cuba.
These three projects, have the potential to collectively produce ~150,000oz Au equivalent per year after being developed sequentially between mid 2024, and mid 2027.
The opportunity exists to increase foreign ownership in the joint venture from 50% to 70%, and for it to develop additional mining projects in the future including porphyry copper projects at El Pilar, and three within the Sierra Maestra copper belt in south east Cuba.
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