T’Boli mine site and current underground workings exist over a small section (<0.5km square) within a broader mineralized region. Extensive mineralized structures and historical drilling have identified Gold and Silver mineralization over a 4km square area. Gold System within 4km square area believed capable of producing a significant high grade deposit on the more favorably orientated structures, particularly in the more permeable Volcaniclastic host rock.
Located 40km from General Santos City in southern Mindanao
Tenement holdings include 85ha MPSA 090-97-X1 and 2,908ha APSA A51-X1
Rizal owns and operates through its national partner, Tribal Mining Corporation (TMC)
Excellent infrastructure
grid power, sealed roads, proximity to local services, assay laboratory
New decline accessed gold mineralisation in Sep 2016
Existing 72ktpa CIL plant refurbished
Current mine lease to 2022, extension application in process