DUCP The shallow depth, combined with the Companyâ
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DUCP>>> The shallow depth, combined with the Company’s extraction methods, ARX should be able to begin stockpiling
material for processing and later production in very short order, relative to typical projects. This is a major
advantage for the Company.
The ARX site was previously owned by a variety of companies via fragmented licenses and the site and area
has a history of intermittent working by small-scale mining and various private operators. Today, the site is
now owned exclusively by ARX with a secured and renewable license. The area has a strong history of
reserves and existing reserves are backed by extensive assays.
There is approximately 350,000,000 tons of material available for mining for an estimated 20 year
production life of the site, with conservative estimates of 16-18 million ounces of recoverable gold.
This translates to $15 billion value at current gold prices and could potentially generate over $20 billion
in cash flow over the life of the mine.