Executive Summary
Peninsular Gold Limited's mining and exploration areas are located in the vicinity of Raub, State of Pahang, Malaysia. Raub is a historic mining centre that has produced over 1million oz mostly from underground operations. The Company has approximately 180,000 oz of proven reserves in a large tailings deposit immediately adjacent to the Company's existing plant, which is also the location for its proposed Carbon-in-Leach expansion project. It also has identified large resources at Raub and its Tersang-Tenggelan-Chenua project areas estimated to contain approximately 579,000 ounces. The Group corporate objective is to achieve the discovery of a minimum of 5 million oz of gold in Malaysia. Specifically the Company aims to add between one to two million oz of gold from the well-defined Raub and Tersang targets to the existing reserves and inferred resources and to identify regional gold exploration targets and develop them to the reserves definition stage.
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