Interview with Alan Carter, President & CEO of Cabral Gold Inc.

Our previous interview: https://www.cruxinvestor.com/posts/cabral-gold-tsxvcbr-targetting-near-term-gold-production-in-brazil-3916

Recording date: 11th December 2023

Fast-Tracking to Gold Production and Cash Flow in Brazil

Cabral Gold is rapidly advancing its Cuiú Cuiú project in northern Brazil to take advantage of extensive near-surface oxide gold mineralization. By targeting initial low-cost open pit mines and heap leach processing, the goal is to establish first revenues within 12-18 months. Recent drilling has continued to expand the existing oxide gold inventory, which already stands at 230,000 ounces in indicated and inferred categories. 

Additional assay results from over 50 completed holes promise to grow this number substantially when the next resource estimate is completed. The proposed starter operation focuses on shallow open-pit mining of soft oxidized material, with simple trucking to a covered heap leach pad just 1km away. After agglomerating the mineralized material using cement, gold can be efficiently recovered through a standard adsorption, desorption and recovery plant. With permitting already in place and minimal technical complexity, the pre-feasibility study is on track for completion in Q2 2024. CEO Alan Carter suggests the initial capital cost, likely in the $15-25 million range, will support a relatively modest but profitable operation. 

Cash flows can then fund extensive ongoing exploration across the expansive Cuiú Cuiú land package. The company is currently evaluating all funding options to avoid excessive dilution, targeting a potential construction decision before the end of 2024. Additional gold deposits have already been identified nearby, with considerable resource expansion upside across the broader district. In challenging markets, establishing self-funded exploration is critical. 

Fast-tracking initial production enables Cabral Gold to control its own destiny by offsetting reliance on external capital alone. With shallow high-grade mineralization and rapid de-risking of a starter operation, shareholders stand to benefit greatly from potential near-term cash flows.

—

View Cabral Gold's company profile: https://www.cruxinvestor.com/companies/cabral-gold

Sign up for Crux Investor: https://cruxinvestor.com