Brookmount currently owns and operates two gold production facilities in Northern Indonesia and is also in the process of reviewing acquisitions of additional operations in Indonesia and the Philippines.
The Company’s existing operations comprise of two key sites.
The first facility is a 50 hectare reserve and onsite processing facility located in a high grade volcanic hosted sediment body in the district of Talawaan, adjacent to the airport at Manado, regional capital. This facility, which has been in operation for 4 years, comprises ball mills (ore crushers), 5 high capacity floatation tanks, tailing ponds and off site smelting operations. Ore is excavated from strategic locations on the property based on existing ore distribution data as well as onsite drill tests. Geologist estimates put remaining reserves at over 2 tonnes (70,000oz) or approx. $180mm at current gold prices.
The facility also processes ore from 3rd party mining operations on a contract basis contributing up to 35% of monthly revenue.
The second site is an area of approximately 10 hectares of high grade volcanic ore body at Alason, about 3 hours west of Manado. The Company has constructed state of the art heap leaching facilities on this site, together with tailing ponds, carbon filtration unit, power generation and plumbing facilities, water storage, worker accommodation and office facilities. Processed ore is transported securely to an offsite smelting facility in Manado. Monthly output on average ore grades at this site is around 5kg of phase 2 gold (99% purity).