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The mathematical expectation of the spectacular is zero
Louis Bachelier
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RED DOME PROJECT
RED DOME PROJECT
Country
Australia
Status
ADVANCED DISCOVERY
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Copper - Gold -
Risk and valuation analysis of the RED DOME PROJECT
Status Risk : Advanced discovery
Country Risk : Very Low
Resource Risk : 38.00%
In situ value
1,456,755,908 $
Title(s) of the RED DOME PROJECT
Kagara Ltd
Owner: 100%
Title
Company Profile
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Private Company
Net Smelter Return: 4%
Title
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History of the RED DOME PROJECT
Red Dome was a very profitable gold mine for Nuigini Mining between 1985 and 1996. It produced one million ounces of gold and 35,000 tonnes of copper from an open pit 350 metres in depth over a period when the gold price averaged between A$450 and A$550 per ounce.
Reserves and resources of the RED DOME PROJECT
Tonnage
Grade
Reserves and resources
Copper
Gold
Copper
Gold
%
g/t
lbs
oz
Measured
10,300,000
0.30
1.00
68 122 839
331 153
Indicated
14,400,000
0.30
0.70
95 239 697
324 080
Mesured and Indicated
24,700,000
0.30
0.83
163 362 536
655 232
Inferred
15,400,000
0.30
0.80
101 853 565
396 097
Total
40 100 000
265 216 101
1 051 329
Definitions
Reserves and resources of the RED DOME PROJECT
Metal
Total
Reserves
Resources
Unit
In situ value
Proven
Probable
Proven and Probable
Measured
Indicated
Mesured and Indicated
Inferred
Gold
1 051 329
331 153
324 080
655 232
396 097
oz
1 457 352 832 US$
Copper
265 216 101
68 122 839
95 239 697
163 362 536
101 853 565
lbs
873 489 230 US$
Production history
Metal
historical
COPPER (lbs)
77,000,000
GOLD (oz)
1,000,000
Title / Ownership
3/13/2011
Red Dome : agreement with Mungana Goldminies
Discoveries and Drilling Results
10/21/2010
Red Dome Copper Intersection Release
5/15/2009
Red Dome Gold Resource Increased by 160% to 1.447 Million Ou...
6/26/2008
Red Dome Drilling Intersects 63.45 Metres @ 3.14 g/t Gold
Data last updated on : 9/1/2010
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources
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