Name of the Project
Tocantinzinho gold project.

Location
Para state, Brazil.

Project Owner/s
G Mining Ventures Corp.

Project Description
The project has robust economics for a low-cost, large-scale, conventional openpit mining and milling operation, with industry-leading operating costs and a high rate of return.

The project outlines total gold production of 1.8-million gold ounces over 10.5 years, resulting in an average gold production profile of 174 700 oz/y.

The feasibility study project mine plan is based on proven and probable mineral reserves of 48.7-million tonnes at an average gold grade of 1.31 g/t for 2.04-million contained ounces of gold as of December 10, 2021.

Potential Job Creation
About 2 200 employees and contractors are currently employed at the project, of which 95% are local Brazilians.

Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at a 5% discount rate, of $622-million and an after-tax internal rate of return of 24%, with a payback of 3.2 years.

Capital Expenditure
Initial capital costs are estimated at $458-million.

Planned Start/End Date
The project is construction-ready and first production is expected in the second half of 2024.

Latest Developments
G Mining Ventures has successfully drawn the remaining $33-million on its $75-million senior secured term loan with an affiliate of Franco-Nevada, in accordance with an announcement in July 2022.

With regard to the draw on the term loan, GMIN provided evidence for Franco-Nevada that it had sufficient funding to fully satisfy the remaining project costs required to achieve commercial production and project completion, as was the case for the first draw of about $42-million in January.

The proceeds of the term loan will be used to continue the development and construction of the Tocantinzinho project, which remains on track and on budget for commercial production in the second half of 2024.

Key Contracts and Suppliers
None stated.

Contact Details for Project Information
G Mining Ventures Corp, email info@gminingventures.com.