Mr. Mike Mutchler reports
AMARILLO ENGAGES WHITTLE CONSULTING FOR MARA ROSA GOLD PROJECT OPTIMISATION STUDY
Amarillo Gold Corp. has engaged Whittle Consulting (WCPL) to conduct an enterprise optimization study for the company's flagship Mara Rosa gold project in Brazil.
WCPL's technical experts plan to model the complete value chain of the Mara Rosa project. Its internal proprietary optimization tool will then be used to maximize the flow of net cash through the bottleneck(s) in the system, to generate life-of-mine business plans that excel in terms of economic value and any other strategic imperatives, including social, political and environmental considerations. WCPL has demonstrated in many such studies that the comprehensive application of its Whittle integrated strategic planning approach and concepts can yield improvements in net present value (NPV) of 5 per cent to 35 per cent or substantially more in any mine, even when a number of conventional optimization approaches have already been applied.
Rolly Uloth, executive chairman, commented: "WCPL identified the Mara Rosa gold project as an ideal candidate to apply their methods and proprietary software, and we are hopeful that their study will generate additional NPV at the Mara Rosa gold project as demonstrated at other mines. This study marks the first step in a series of initiatives that we are planning for Mara Rosa, including a feasibility study leading up to the application for the installation permit (LI)."
The company will be touring major cities to introduce its new president and chief executive officer, Mike Mutchler. The company will be visiting the following cities:
Vancouver on Jan. 31, 2018;London on Feb. 5 and Feb. 6, 2018;Zurich on Feb. 7, 2018.
If you are interested in meeting Mr. Mutchler, please e-mail the company to schedule a meeting to hear the strategy for Amarillo.
AboutAmarillo Gold Corp.
Amarillo is developing a highly economic, open-pit gold resource at its Mara Rosa deposit in the mining-friendly jurisdiction of the Goias state in Brazil. In addition, Amarillo has an advanced-exploration project with excellent grades at Lavras do Sul, also in Brazil. The Mara Rosa project was awarded the main permit (LP) that gives social and environment permission to mine. This has allowed Amarillo to move forward and work on the installation permit (LI).
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