MINING AND GOLD PROCESSING
Oakdale Resources is an ASX listed precious metals explorer and aspiring producer.
Oakdale recently signed an option agreement to acquire Alpine Resources, which controls three gold exploration projects in Nevada, USA. The projects are in a region that hosts several multi-million-ounce gold deposits. Oakdale’s Peruvian subsidiary Ozinca Peru SAC, owns a CIP Gold lixiviation plant, strategically located proximal to thousands of small gold miners in Southern Peru.
Oakdale has also acquired Australian Precious Minerals Pty Ltd, holder of the Crown PGE-Nickel exploration asset in Western Australia. Crown adjoins the Julimar polymetallic discovery.
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