The Serrote project is an advanced stage greenfield copper-gold development asset, currently under construction in Brazil

INVESTMENT HIGHLIGHTS

The Serrote project is an advanced stage, de-risked greenfield copper-gold development asset currently under construction and benefiting from all major permits in place. A high-quality management team with extensive local and international experience has been put in place to drive development and ensure long-term success of the project. Excellent access to infrastructure and lean-design engineering result in a low capital intensity project. The asset is a well understood, conventional open pit deposit employing proven processing technology with a higher grade, low strip starter pit resulting in a high margin, defensive investment opportunity. The project also benefits from a large local labour force, simple access to power and water, and the nearby Aracaju port.

Following acquisition, Appian completed an updated DFS outlining a 14-year mine life producing approximately 20 thousand tonnes of copper equivalent per annum in a premium, high grade concentrate.

Several expansion and exploration opportunities are being pursued with significant defined mineralisation outside of the current mine plan as well as numerous satellite resources and targets within trucking distance of the planned plant infrastructure.

For more information about Mineração Vale Verde, please click here.

Ownership structure: Private

AssetLocationCommodityStageMining MethodProven & Probable ReserveResourceAnnual Production
Serrote1BrazilCopper-goldConstructionOpen pit52.7Mt @ 0.6% Cu and 0.1g/t Au for 309kt Cu and 168koz Au112.3Mt @ 0.5% Cu and 0.1g/t Au for 604kt Cu and 340koz Au~20kt Cu eq.
  1. Appian internal estimate / plan
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