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Okvau Gold Project

In November 2019, Emerald Resources given the prevailing gold price it was layouts, where less of our input was
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(Emerald), a Perth based explorer and agreed that the DFS demonstrated high required. This approach leveraged both
developer of gold projects received grade, low cost, compelling development teams to deliver significant, overall project
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approval from the Cambodian Council of economics. benefits.
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Ministers to execute a mineral
investment agreement for the Okvau
CM Mintrex has had a long-standing and Mintrex completed the design work on
gold project 275km north-east of Phnom mutually rewarding relationship with the Okvau in December 2020. Construction is
MY Board and Management of Emerald now well advanced, and first production is
Penh.
CY Resources over many years. Over the scheduled for Q2 2021.
This approval was the first of its kind for course of this relationship, a strong spirit
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a large-scale mining project in the of collaboration and trust has developed.
region.
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When tackling a major project such as
The original Definitive Feasibility Study Okvau, both Emerald and Mintrex have
(DFS) carried out by Mintrex and been able to rely on each other to work
completed in May 2017 was based on together as highly skilled and diverse
the development of a 2.0 million tonnes teams of specialists to get the job done.
per annum operation over an initial Throughout the project, and particularly
as a result of the challenges that
COVID-19 presented, project and design
meetings were often convened quickly
with a need to work together virtually and
over long distances.
Also, given Emerald’s substantial
in-house expertise and experience,
Emerald and Mintrex were able to
efficiently separate the more complex
operating mine life of more than seven and critical engineering design tasks,
years. Further, the project's economics where Mintrex could add the greatest
were revisited in November 2019 and value, from those tasks, such as piping

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