RTG's Milestones: From the Philippines to Kyrgyz Republic - How are Their Mining Ventures Unfolding? Rtg Mining Inc.

L Lykeshares 2y Staff

RTG's Milestones: From the Philippines to Kyrgyz Republic - How are Their Mining Ventures Unfolding?

RTG Mining Inc. : Pioneering Developments in High-Grade Copper and Gold Ventures

In a landscape marked by high-stakes ventures and potential mineral bonanzas, RTG Mining Inc. stands as a pivotal force in unlocking value through the development of high-grade, low-cost projects. The recent quarterly report, ending in September 2023, revealed an array of compelling milestones and strategic developments across its international portfolio.

Mabilo Project - Philippines: A High-Stakes Venture

Situated in the Philippines, the Mabilo Project, owned by Mt. Labo Exploration and Development Corporation (of which RTG holds a 40% interest), continues to captivate attention. The quarter witnessed an essential turning point as RTG engaged in a pivotal project development meeting with TVIRD executives.

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This meeting, laden with significance, aimed to meticulously review operational plans for Mabilo, focusing particularly on kickstarting the Direct Shipping Ore 'DSO' operation, deemed low in CAPEX but high in cash flow potential.

Strategic Alliance and Operational Progress

The union between RTG and TVIRD underscores a mutual commitment to transition the Mabilo Project from the realms of corporate discussions to actionable operational strategies. The imminent Direct Shipping Operation, projected to mine supergene chalcocite material boasting an average reserve grade of 20. 7% Cu, anticipates delivering substantial cash flow within its initial 15 months of operation.

Chanach Project - Kyrgyz Republic: Unearthing Riches

Amidst the Kyrgyz Republic's stunning landscapes, RTG maintains a commanding stake (90%) in the Chanach Gold and Copper Project. The quarter's endeavors included an intensive magnetic survey and geochemical sampling targeting skarn and epithermal structures. The preliminary results suggest a promising future for Chanach, with high-grade interceptions promising a potential bonanza in gold and copper.

Panguna Project - Bougainville PNG: Fostering Unity and Progress

RTG's involvement as the nominated development partner for the Panguna Project in Bougainville, PNG, unfolds against a backdrop of community engagement and alignment. Collaborative efforts with the Mining Department, customary landowners, and the Toroama Government focus on revitalizing the Panguna Project, aligning with independence plans and the welfare of all stakeholders.

Financial Impetus and Corporate Summary

The company's financial prowess continues to strengthen, with commitments secured for a private placement, raising approximately US$9 million. As of September 30, 2023, RTG boasts cash and liquid assets amounting to A$11. 4 million.

The Road Ahead: Vision and Strategic Development

CEO Justine Magee's sentiments echo a sense of progress and determination. The completion of the pivotal project development meeting with TVIRD marked a significant stride towards Mabilo's imminent start-up. The company's robust plan for the December quarter underscores confidence in advancing their high-quality exploration and development assets.

Mabilo's Path to Realization

With a sharp focus on operationalizing the Mabilo Project, RTG's involvement and collaboration with TVIRD signal a new era of commitment and action. The formation of the Management Committee and the fortnightly discussions set the stage for accelerated development. The appointment of Mr. Edsel Abrasaldo, a seasoned mining executive, bolsters the company's operational capabilities on the ground in the Philippines.

RTG's strategic maneuvers and progress across its global portfolio herald a promising future in the realm of high-grade copper and gold ventures. With a fusion of financial acumen, operational diligence, and strategic alliances, RTG Mining Inc. paves the way for an exciting chapter in the mineral exploration landscape. As Mabilo gears up for a transformational phase, RTG's overarching vision promises to redefine the narrative of high-value mining ventures in the Philippines and beyond.

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