• TSX.V REG: $1.36 CAD
  • AU: $1,353.44 USD
  • CU: $2.61/lb USD

Definitive Agreements

  • Key Benefits

    • Mutual Rights of Access and Mutual Rights of Expansion Agreement.
    • Full extent of Cu-Au mineralization can be defined for the first time.
    • Drilling can start more quickly using existing mine permits.
    • Coimolache can expand current oxide pit with layback onto Regulus ground by paying 5% NSR to Regulus.
    • Regulus can model pit layback onto Coimolache ground and thereby report more complete resources.
    • Either party can develop project but more likely to strike new joint venture to co-develop when better defined.

    Summary

    • Agreement allows collaborative exploration to define size/feasibility of giant AntaKori Cu-Au-Ag deposit.
    • Area of interest centered on Regulus mining rights and known AntaKori Cu-Au-Ag sulphide mineralization.
    • Parties remain autonomous and each retains its mining rights.
    • All exploration data and surface rights shared within area of interest.
    • Costs pro-rated to underlying mining rights holder.
    • Coimolache can expand Tantahuatay pit by layback onto Regulus mining rights by paying Regulus a 5% NSR.
    • Exploration close to Tantahuatay Pit will be managed by Coimolache and utilize existing permits and extensions which will allow drilling this year.
    • Either party may elect to become a developing party to develop and mine in the area of interest. The developing party would assume all costs for development, mining and closure and will pay 5% NSR for ore mined from the other party‚Äôs mining rights.
    • If Regulus elects to become the developing party, Coimolache will have a first right to assume the role. Regulus mining rights further from the pit will be managed by Regulus.

    Regulus AntaKori Concessions

    Figure 8: Regulus’ AntaKori Land Concessions
     

    For more information, please see News Releases:

    Regulus Resources Completes Definitive Agreement for Antakori Copper-Gold Project, Peru January 24, 2017

    Regulus Resources Announces Agreements for Collaborative Exploration at Antakori Copper-Gold Project, Peru May 18 2016

  • Summary

    • Option to earn-in with an option to claw-back.
    • Area of interest is 2,571 ha of Colquirrumi mining rights to north and east of main Regulus ground.
    • Regulus can earn up to a 70% interest by drilling 7,500 m within 3 yrs of obtaining necessary permits.
    • Colquirrumi can claw-back to 70% (30% Regulus) by paying US$9 million.
    • Regulus and Coimolache have rights of expansion as per Coimolache agreement.

    Figure 8: Regulus’ AntaKori Land Concessions

     

     


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