Snapshot
All information below is as of December 14, 2011 unless noted otherwise.
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Why invest?
People
The Company is a pure gold play with a proven management and board, including five former Aurelian executives/directors, and other mining industry veterans. The team has a successful track record in mining exploration, discovery, development, financing and mergers & acquisitions.Projects
Malbex's properties have been carefully chosen to be highly prospective, containing multiple target zones and large alteration systems. Our lead project, Del Carmen, has alteration systems similar in scale to those found on the nearby Barrick gold properties containing 30 million ounces of gold. The initial NI 43-101 inferred resource measures 25.4 million tonnes grading 1.00 g/t gold and 13.3 g/t silver for 816,600 ounces of contained gold and 10.9 ounces of contained silver.Jurisdiction
We are operating our lead project in the pro-mining jurisdiction of San Juan province, Argentina, with the support of the provincial government. San Juan hosts three operating gold mines, one large development project and numerous exploration projects. We also have a project in the Ayacucho Region of southern Peru, which hosts numerous small scale mines and exploration projects.
Projects
| PROJECT & OWNERSHIP | LOCATION | PRINCIPAL TARGET | 2011/2012 PLANNED FIELD ACTIVITIES | SIZE (HECTARES) |
|---|---|---|---|---|
| Del Carmen 100% interest | San Juan province, Argentina | Veladero-style high sulphidation epithermal gold-silver system (oxide, bulk tonnage) | Drilling, follow-up metallurgical studies, geophysical surveying, mapping and rock sampling | 15,129 |
| Despoblados 100% interest | San Juan province, Argentina | Low to intermediate sulphidation epithermal gold-silver vein systems | No further work planned | 3,601 |
| Grace 75% interest | Ayacucho Region, Peru | High sulphidation epithermal gold-silver system | Geochemistry, mapping, geophysics | 5,800 |
| Total hectares | 24,530 | |||
Financial and share information
| TSX:V listing | MBG |
| Working capital (Sept. 30, 2011) | $15.8 million |
| Shares outstanding | 132.3 million |
| Warrants - $0.40 (expire June 21, 2012) | 20.2 million |
| Warrants - $0.65 (expire May 8, 2013) | 16.8 million |
| Options - $0.33 - 0.80 | 6.6 million |
| Fully diluted shares | 175.9 million |
| Insider holdings (Management and Directors) | 9% of shares outstanding |