TZ Mine

Single open-pit gold mine. Located approximately 200 km south-southwest of Itaituba, Pará, accessed via a 72 km municipal dirt road connecting to the BR-163 highway; power supplied by a 193 km 138 kV transmission line from the Novo Progresso substation. Property comprises two mining concessions covering 12,889 ha and 26 exploration permits. Intrusion-related gold system hosted in granitic rocks. Acquired by the current operator in August 2021 from Eldorado Gold; commercial production achieved in September 2024. Processing utilizes a 4.7 Mtpa CIL plant with gravity concentration. LOM of 10.5 years with average annual production of 174,700 oz Au. Flagship Brazilian gold asset.