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Market: TSX-V
52-week High/Low: C$0.25 / C$0.13
Sector: General Mining - Gold
Market Cap: C$52.49M
Sunridge Gold

Sunridge Gold

Sunridge Gold Corp. (SGC-TSX-V) is an exploration and development company that completed a positive feasibility study for the high grade Debarwa copper, gold and zinc deposit on May 14, 2012 and a positive pre-feasibility study on all four deposits of the Asmara Project, Emba Derho, Adi Nefas, Debarwa and Gupo Gold on May 2, 2012 showing a Base Case NPV of $555 million and IRR of 27% (10% discount rate).

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Sunridge Gold

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Sunridge Gold Snapshot

Sunridge Gold Corp. (SGC-TSX-V) is focused on exploration and development of the Asmara copper-zinc-gold-silver Project in Eritrea and has now defined six NI 43-101 deposits on the Project.

A Feasibility Study on the 4 advanced projects on the Asmara Project was completed in May 2013, which demonstrated very strong economics; NPV (10%) = $692 million, IRR = 34%. The Feasibility Study outlined a robust mining plan with a 3 phase staged start-up with Phase 1 production beginning in 2015 and Phase 3 (Full Production) achieved in 3 years.



Investor Highlights
  • Feasibility Study on the Asmara Project [base metal & gold] completed May 2013 demonstrating very strong economics; NPV (10%) = $692 million, IRR = 34%
  • Feasibility Study outlined a robust mining plan with a 3 phase staged start-up with Phase 1 production beginning in 2015
  • Phase 1 (Direct Shipment Ore (DSO) and Gold Production) initial capital costs estimated to be only $46M
  • Full production to be achieved in 3 years -- first 8 years average annual production:
    • 65 million lbs. (29,000 t) Copper
    • 42,000 oz Gold
    • 184 million lbs. (83,000 t) Zinc
    • 1 million oz Silver
  • Project has government participation (ENAMCO) -- Sunridge recently completed Shareholder's Agreement [June 2014] with the government and established the Asmara Mining Share Company ("AMSCo"), which will be held 60% by Sunridge and 40% by ENAMCO
  • Sunridge is now well funded
  • Mining license permitting process now underway
  • Pipeline deposits, Adi Rassi and Kodado, now 5th and 6th resources on the Asmara Project -- significant exploration potential
Sunridge is operated by an entrepreneurial team with a proven record of discovery, exploration and development success with companies such as Sunridge Gold, Nevsun Resources Ltd., and Bema Gold Corp.
Michael Hopley - President, Director and CEO
Michael is the President and Chief Executive Officer of Sunridge Gold. He is a key member of the management team and has over 30 years of international experience as a geologist and exploration manager for resource companies in the precious metals and base metal sector with companies such as Gold Fields Mining, Bema Gold Corp. and Tournigan Energy. He was part of the team that discovered the large Refugio and Cerro Casale gold and gold/copper deposits in Chile. For the past 15 years Michael has managed a number of publically traded junior resource companies and held a number of executive and board positions with companies conducting exploration in various parts of the world.
Greg Davis - Vice-President of Business Development
Greg is the Vice-President of Business Development for Sunridge Gold Corp. He joined the team in September 2007 and has worked in junior mining exploration and development for the past ten years. Greg was the Vice President of Business Development for Crosshair Exploration and Mining, a successful junior uranium exploration company. Prior to that, Greg was a Project Manager and Senior Geological Technician for Nevsun Resources.
Scott Ansell - Vice President Project Development
Scott worked with AMEC as Director of Studies and Manager of Consulting, Geology and Mining. He has previous experience with Nevsun in Eritrea as the Bisha Mine Project Manager.
Craig A. Angus - Chairman
Craig was the founder of Nevsun Resources and its President and CEO for over 15 years and one of the founders of Sunridge Gold. He brings a wide range of expertise to the team ranging from the evaluation of the geological merits of projects to raising funds. He is widely connected throughout the mining industry.
David Daoud - Exploration Manager
David is the Exploration Manager for Sunridge Gold. He joined the team in June 2005 after working on Nevsun's Bisha VMS discovery in Eritrea for the previous 2 years. His expertise on VMS deposits and understanding of working in Eritrea contributes strongly to the success of the Company and its shareholders.
Christopher Attwood - Operations Manager
Christopher Attwood is a mining engineer with over twenty years of mining and management experience with a significant focus on open pit gold mining. He has an Honors Degree in Mining Engineering from Camborne School of Mines and has significant international experience in the mining industry, including mines in Australia, South Africa, Uzbekistan, Senegal, UK and most recently Bisha gold mine in Eritrea.
Dan O'Brien, CA - Chief Financial Officer
Dan is the Chief Financial Officer for Sunridge Gold and is a member of the Institute of Chartered Accountants of British Columbia. He is also Chief Financial Officer for a number of publicly listed exploration companies trading on the TSX and TSX Venture exchanges. Dan was previously a senior manager at a leading Canadian accounting firm where he specialized in the audit of public companies in the mining and resource sector.
Doris Meyer - Director and Corporate Secretary
Doris is a Member of the Association of the Certified General Accountants of British Columbia and Canada. She was Vice President, Finance of Queenstake Resources Ltd. from 1985 to 2003 and Corporate Secretary until 2004 where she led negotiations of joint venture and purchase agreements, equity financings, debt financings and capital purchases.
In 1996 Mrs. Meyer formed Golden Oak Corporate Services Ltd. retaining her same officer positions at Queenstake until 2004. Mrs. Meyer acts as an Officer and/or Director of several publicly traded mining companies and her company provides those clients with administrative, accounting and compliance services.
Dr. Neil O'Brien - Director
Dr. O'Brien is a Senior Vice-President of Exploration and Business Development for Lundin Mining. He has extensive expertise in early to advanced stage exploration for zinc, copper and gold which will contribute significantly to the further development of Sunridge's Asmara Project in Eritrea.
Steve Gatley - Director
Mr. Gatley is a mining engineer with over 25 years experience in the base metals field. He has considerable experience in the management of mine operations and mine development projects, and international experience in Europe, Africa and South America. In his current role with Lundin Mining, Mr. Gatley provides corporate level technical support and project evaluation services. Mr. Gatley is a director of Lundin Mining UK Ltd. and Union Resources Ltd.
Mark Corra - Director
Mark Corra has over 25 years of finance and accounting experience in the mining industry. He spent 17 years as the Vice President of Finance helping build Bema Gold Corporation and is now the Senior VP Finance and CFO of B2 Gold Corp. He is a Certified Management Accountant.
Eric Edwards - Director
Since 1996, Mr. Edwards has served as Chief Executive or Chief Financial Officer for a number of publicly traded gold companies. Mr. Edwards has completed acquisitions, divestitures, mergers, equity placements, project and corporate debt facilities. Mr. Edwards has had over 25 years experience in the gold mining sector in positions of increasing responsibility in operations, business development and corporate finance.
Mr. Edwards holds a Master of Business Administration degree from University of Utah and a Bachelor of Science (Honors) degree in Geology from Utah State University. He is currently President and Chief Executive Officer of Lupaka Gold Corp., a private mineral exploration company.

Corporate Office:

Address: Unit 1 - 15782 Marine Drive
White Rock, British Columbia
Canada V4B 146
Telephone: 604-536-2711
Fax: 604-536-2788

Sunridge Gold Timeline

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