International Goldfields

ASX CODE: IGS

Company Overview

International Goldfields Limited (IGS) is a precious metals focused Brazilian explorer; introducing exposure to production for the Company through a transaction with US based Santa Fe Gold Corp. 

The parties are finalising a revised transaction structure given current market conditions and remain commited to completing a transaction to ensure IGS gets significant exposure to Santa Fe and its assets with Sante Fe utilising IGS' short and medium term balance sheet.

SFEG has low-cost gold and silver production from its Summit Mine targeting 28,000 oz pa (gold and gold equivalent), an operating mill, near-term development assets and a portfolio of advanced exploration assets upon completion.

The Company’s 93% owned private entity Latin Gold Ltd (“Latin Gold”) holds rights to a 35% interest in the Brazilian based entity CIA Minerado Ouro Paz S.A. (“Ouro Paz”) by way of a Joint Venture Agreement with Brazil based CIA MINERADORA MANGANÊS CONSELHEIRO S.A. (“Conselheiro”) that was finalised in April pursuant to the Heads of Agreement announced 7 February 2013.
 
The JV entity Ouro Paz will hold over 2,700km2 land position in the highly prospective Alta Floresta Mineral Province of the Juruena Belt, with several parties to the agreement contributing licences proximal to Latin Gold’s Ana Prospect discovery to form a consolidated land package called the Union Project located central to the vast land holdings of the Ouro Paz Joint Venture.

This portfolio of properties and investments offers excellent potential for the discovery and development of multi million ounce world class gold deposits.  It is the ultimate goal of IGS to increase production through discovery and development of resources that provide attractive shareholder returns.

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