Complete 85,000 meters
(278,000 feet) |
- Completed 73,000 meters (236,000 feet) of exploration drilling and an additional drilling program consisting of condemnation, water and geotechnical holes near year-end
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| Expand known mineralized zone |
- Increased mineral resources
- Measured and Indicated by 44%1
- Connected mineralization between the three deposits
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| Asses district potential |
- Identified district potential
- Purchased Buzzard, Springs, Champion, 601 Deposits on trend
- Increased Land holdings by 146%
- Appointed Regional Geologist (former Barrick)
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Complete Detailed
Engineering Phase |
- Advanced but did not complete detail engineering
- The rapid growth of the mineralized zone led Romarco to launch a new feasibility study last December
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| Build mine operations team in preparation for development |
- Built top mining team (former Barrick, Freeport)
- Sr. VP, Chief Operating Officer – James Arnold
- Mine Manager, Mill Manager
- Safety Manager, HR Manager
- Environmental Director
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| Financial Strength |
- Romarco raised over US$ 63.3 million through two equity financings and US$ 11.1 through the conversion of share purchase warrants and options
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| Increase Shareholder value |
- Returned 852% to our shareholders
- Added to the TSX.V. top 50 companies
- Ranked #1 Mining Company and #1 Company overall
- Increase the number of equity research companies following Romarco from 2 to 5
- Broadened Shareholder Base
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