Paul Sweeney, Financial Advisor: Mr. Sweeney has more than 30 years of experience in financial management of mining and renewable energy companies. He has served in senior executive roles for many publicly traded resource companies, including as President of Plutonic Power, CFO of Canico Resource Corp (acquired by Vale) and CFO of Sutton Resources Inc (acquired by Barrick). Since 2011, Mr. Sweeney has served as an independent financial advisor to a number of companies in the resource sector.
Sebastian D'Amici, Corporate Controller: Mr. D'Amici (CA) has extensive experience in capital markets, merger and acquisition transactions, corporate finance, financial planning and analysis and complex regulatory environments. He previously worked with CHC Helicopters as Manager of Business Development, as an associate in the investment banking group of Clarus Securities and as a senior associate within the assurance practice of PricewaterhouseCoopers.
Nolan Watson, Director: Mr. Watson is founder, President and CEO of Sandstorm Gold Ltd. and Sandstorm Metals & Energy Ltd. He is a former CFO of Silver Wheaton Corp., where he raised over $1 billion in debt and equity to fund company growth.
An independent Definitive Feasibility Study (DFS) is currently underway at the Karma Project. The project's feasibility study is based on a 1.03-million-ounce, in-pit indicated leachable resource averaging 0.94 g/t Au (34.2 million tonnes)(1). Proven international companies with exceptional reputations are performing the study, including:
Senet (Pty) Ltd., Feasibility Lead: Senet (http://www.senet.co.za/), one of the leading project management and engineering firms in the field of mineral processing, is conducting the DFS for the Karma Project. The DFS entails development of a comprehensive operating plan and cost estimate for an open-pit, heap-leach gold mine.
SRK Consulting and Knight-Piesold (Pty) Ltd., Feasibility Partners: Senet subcontracted the mining and heap leach pad and hydrology design portions of the DFS to SRK Consulting (http://www.srk.co.za/en) and Knight-Piesold (Pty) Ltd. (http://www.knightpiesold.com/en/), respectively, also of South Africa.
Roche Ltd., Consulting Group, Feasibility Partner: Roche Ltd., Consulting Group (http://www.roche.ca/index_en.php) is one of the largest construction engineering firms Canada and, for 50 years, has made a name for itself in building, construction, energy, environment and industrial engineering. True Gold has hired Roche to perform environmental work for the DFS.
McClelland Laboratories, Inc., Metallurgy: True Gold has appointed McClelland Laboratories (http://www.mettest.com/) to conduct and oversee metallurgical work for the Karma Project. McClelland has provided metallurgical testing and research services to the gold, silver, and copper mining industries since 1986.
MacCormick International Mining Consultancy, CSR: True Gold has engaged MacCormick (http://maccormickimc.com/) to create and implement a comprehensive CSR program for the Karma Project. MacCormick helps mining companies assess, design and implement CSR programs worldwide.
For a copy of the new True Gold corporate presentation, please click here:
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