Almas Gold Mine
is 100% owned by Aura Minerals and is located in the municipality of Almas, in Tocantins State, Brazil. The Project consists of three separate open pit mining areas and a central processing facility. The Almas Gold Project’s three main gold deposits, Paiol, Cata Funda and Vira Saia are along a 15 km long corridor of the Almas Greenstone Belt which hosts numerous orogenic gold occurrences.
Aura is currently re-evaluating the Project, as originally conceived by Rio Novo, with the objective of improving its economic performance. This is expected to be achieved through a combination of lower operational costs tapping on Aura’s existing operational partners in Brazil, improved gold grades through more selective mining and a lean-but-rational capital expenditure philosophy.
Mining activity at the Project was initially conceived to start at the Paiol pit and will be followed sequentially first at the Vira Saia and subsequently, the Cata Funda pit. The Project also count with historic Paiol heap leaching rejects with reasonable grades and enough ore to support several months of operation.