Proactiveinvestors Australia

Projects

AXG’s two properties, Condoroma and Coporaque, are located along a highly prospective copper-gold mineralization belt (the Andahuaylas-Yauri belt).  This mineralization belt has had a long history of mining and runs through several large mines and development projects including Tintaya mine and Las Bambas and Antapaccay development projects owned by Xstrata plc (XTA.L); the Constancia project recently acquired by Hudbay Minerals (HBM.T); the Haquira project recently acquired by First Quantum Minerals (FM.T); and the Quechua project owned by Pan Pacific Copper Company.

Peru is widely considered one of the best mining jurisdictions in the world ranking 3rd globally in copper production, 4th in the world in molybdenum production and is Latin America’s largest producer of gold. With a strong mining culture and a large pool of experienced workers, Peru is ranked 6th globally and 2nd in Latin America in terms of attracting exploration investment.

Condoroma

The Condoroma project consists of a block of 12 concessions, covering 9,816 hectares, located approximately 56km south-east of Espinar at an elevation of 4,650 – 5,160 metres.

The geology of the Condoroma property appears to be consistent with that of other large copper-gold porphyry and skarn systems in Peru.  Significant surface mineralization and structural features cross the property and trend towards the Tintaya-Antapaccay deposits to the northwest.  Ground geophysics (IP survey) has revealed conductive targets along this trend which AXG intends to drill test in the upcoming exploration campaign.


Coporaque

The Coporaque project consists of a block of 12 concessions, covering 7,948 hectares, located less than 20 kilometres west of Espinar at an elevation of 4,400 metres.

The Coporaque property has the potential to host large porphyry mineralization consistent with the geology and mineralization of the area.  Limited mapping and surface geochemistry work has already revealed outcrops of porphyry with gold-copper-molybdenum mineralization.  The focus of the exploration campaign will be to identify the size of the porphyry body and to locate additional mineralized bodies.

Gordon A Sklenka - Director
Mr. Sklenka has over 15 years of experience in corporate finance in the areas of capital raisings, IPOs, acquisitions and project finance in the resources and technology sectors. Mr. Sklenka has worked with a number of listed public companies in both Australia and Canada and developed extensive experience in company formation, capital raising and project acquisition. Mr. Sklenka is currently a Director of Tribune Resources NL and Rand Mining NL.


Alex Bajada - Chairman B.Econ (UWA) MAICD
Mr. Bajada has many years of experience in the corporate sector and the management of public companies. He is Executive Director of Spartan Nominees Pty Ltd, Chairman of Odin Energy Ltd and Excalibur Mining Limited, Director of Wesbeam Pty Ltd and Hawkesbridge Limited and independent Director of the WA Local Government Superannuation Plan.


Roland H Berzins - Company Secretary and Public Officer
Mr. Berzins has over 21 years of experience in the mining industry and was previously Chief Accountant for 6 years for Kalgoorlie Consolidated Gold Mines Pty Ltd. Since 1996 Mr. Berzins has been company secretary for a variety of ASX listed companies, and has also had experience in retail, merchant banking, venture capital and SME business advisory.