Property

The property is located in the southern part of Minas Gerais, Brazil, approximately 13 km southeast of the city of Poços de Caldas and 275 km north of São Paulo, the biggest Brazilian city. The 300 hectares property is an unique mining permit (“manifesto de mina”), being a real property, not a governmental concession. The ground belongs to the company as well.

Location

The Morro do Ferro project is situated in the south of Minas Gerais state, right in the border of São Paulo state, in the most developed region of the country.
The area is 13 km from Poços de Caldas, a 150,000 inhabitants industrial and touristic city.

Infrastructure

Infrastructure adds significant value to the project: power energy, first class roads, railroad to Santos port. The project is located in the vicinities of Poços de Caldas city, a pleasant place to live, plenty of facilities

• 16 km from Poços de Caldas downtown, a 150,000 inhabitants industrial & touristic city;
• 180 km to Campinas and the Viracopos international airport;
• 275 Km to São Paulo, the biggest Brazilian city, through 1st class paved road;
• 340 Km from the Santos port, the biggest Brazilian port;
• Railroad from Poços de Caldas to the Santos port;
• High tension power energy available;
• Friendly mining environment. A number of mines (bauxite, clay and a uranium mine now depleted) surround the property;
• No environmental issues. The property is covered by a planted Eucalyptus forest.
• Topography is favorable to a low-cost bulk-tonnage open pit mine.
• The “ore” is hydrothermally altered and weathered over 100m depth . No blasting is required.

“Wedow Jr (USGS, 1967): “The bulk of this material should be highly amenable to large scale open-pit development because of its near-surface occurrence and its highly decomposed, lateritic condition.”