Geological survey & first additional investments

SOLD – Gold & Emerald mine concession (Madagascar) Mananjary

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GEOLOGICAL SURVEYS CONDUCTED FOR THE MANANJARY REGION

FOR GOLD in MANANJARY REGION SEE EXTERNAL LINK: Dr. Camillo Premoli, attention to chapter 7.2.7 (GOLD IN VOHILAVA-AMPASARY REGION):
http://www.smedg.org.au/Premoli.htm

FOR EMERALDS in MANANJARY REGION SEE EXTERNAL LINK: Dietmar Schwarz (Gübelin Gem Lab):
https://www.gia.edu/doc/Emeralds-Mananjary-Region-Madagascar-Internal-Features.pdf

First additional investment after purchasing the concession are included in purchase price 6,25 million USD, meaning that the BUYER NEED NOT to pay this. This investments will be paid by our team!

Basic GEO survey +/- USD 20.000 (included in purchase price 6,25 million USD)

FIRST STAGE – BASIC GEO SURVEY
Geological survey of the terrain (without drilling), which will reliably show potential minerals on the whole plot or concession (almost 20 square kilometers).
In this operation, we are talking about a group of people, namely; 3 geologists, 15 workers, probably 2 vehicles (4×4), purchase of basic material and a period of 30-60 days for completion and written output of official results.
Estimate cost (if we organize the survey) will not exceed USD 20.000, of which 50% (USD 10.000) should be paid in advance (based on the official invoice) and the rest after the completion of works (the final amount will not exceed USD 20.000).
Of course, the buyer has the opportunity to organize this operation with his team of people, or to hire professionals who will do it for him.

Detailed GEO survey with perforations and analysis +/- USD 750.000 (included in purchase price 6,25 million USD)

SECOND STAGE – DETAILED GEO RESEARCH
Therefore, this stage will only come about if the results from the first stage will be positive, or officially confirmed, where it will be written what kind of minerals are potentially achievable on this plot.
In case you decide that the whole survey is done by our company, then the procedure and price is approximately as follows:
The French experts who are engaged in this (our friends) will perform detailed drilling, take samples and send samples to the laboratory and submit analyzes.
The price of drilling is about USD 200 per meter per perforation/hole … we hope (almost certainly) that this price can be reduced to about USD 150 per meter due to our acquaintances.
How many perforations/holes will be working we will see according to the results from the first stage … but our guess based on our previous experience, we would say approximately this:
If we do 50 experimental perforations/holes .. then the calculation would be as follows:
50 perforations/holes x 100 (IN DEPTH OF 100 METERS) = 5.000 METERS x USD 150 = USD 750.000 (approximately)
THE TIME TO COMPLETE THIS OPERATION WILL BE 90-120 DAYS (approximately).
Estimate cost (if we organize the survey) will not exceed USD 750.000 of which 50% (USD 375.000) should be paid in advance (based on the official invoice) and the rest after the completion of works.
Of course, the buyer has the opportunity to organize this operation with his team of people, or to hire professionals who will do it for him.

Renewal of the licence +/- USD 10.000 (included in purchase price 6,25 million USD)

All taxes for 2019 +/- USD 5.000-10.000 (included in purchase price 6,25 million USD)

Expansion of current licence (Permis PRE “Petits Exploitants”) to “large scale” mining licence (permis STANDARD pour une exploitation à grande échelle) +/- USD 150.000 (included in purchase price 6,25 million USD). Duration of this licence is 40 years!!!!

ATTENTION!
We repeat, all this expenses and/or additional investments are included in purchase price 6,25 million USD, meaning that the BUYER NEED NOT to pay this. The total of approximately USD 1 million will be paid and organized by our team!

DRILLING 01

DRILLING 02DRILLING 03DRILLING 04DRILLING 05 CARROTE MINERALDRILLING 06 CARROTE OR

©  S. MA. R. A. G. D. 
Madagascar Company for Research, Analysis, Geology and Diagnosis of Mining Concessions 
Société Malgache pour la Recherche, l'Analyse, la Géologie, Diagnose et les ventes des Concessions Minières (en cours d'établissement)

 

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