VP Operations Charles Barclay & Phuoc Son road construction team.
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Phuoc Son Property
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Bong Mieu Property
Operating Mine & processing plant
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Capcapo Property
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Reserve & Resource Table — Bong Mieu & Phuoc Son
Gold reserves and resources for Bong Mieu & Phuoc Son
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Olympus - Emerging Producer, Aggressive Explorer
“Generating significant shareholder wealth and employee fulfillment”
Olympus Pacific Minerals Inc. is an emerging gold producer that is focused on growth through discovery in Southeast Asia. The company will continue to develop its core properties; Bong Mieu & Phuoc Son in central Vietnam and the Capcapo Gold Property in the northern Philippines. Exploration drilling has commenced at the newly acquired Capcapo Gold Property and plans are being initiated for the 2008 start up of the company's second gold processing plant in Vietnam.
The Team
Employing over 400 employees in SE Asia and drawing its key personnel from a worldwide base, Olympus has an experienced management team with a globally proven track record in gold mining & exploration. Management is solely dedicated to Olympus and exclusively focused on developing the company assets.
Funds
Olympus has been successful in raising funds to meet its aggressive exploration targets. Up to December 2006 funds were used predominately for drilling programs at Bong Mieu and Phuoc Son. As of January 2007, Capcapo Northern Philippines has been added to these two projects.
Once the Phuoc Son project commences production in late 2009 it is fully expected that the company will be self sustaining.
Production
Olympus is producing and shipping gold from its Bong Mieu demonstration plant and contributing positive cash flow. The company recently announced, the completion of the Phuoc Son Feasibility Study, which recommends the development and construction of a gold processing plant capable of producing some 60,000 ounces of gold on an annualized basis. Upon securing the necessary debt financing, the Company will continue the development and construction of Phuoc Son, its second gold plant in Vietnam.
The Company is nearing completion of an in-house scoping study at Bong Mieu, which will lead to a full feasibility study to justify increasing Bong Mieu's annual production to 100,000 ounces of gold. Over the next three years total gold production between Bong Mieu and Phuoc Son is forecasted at 160,000 to 170,000 ounces on an annualized basis.
Exploration
Exploration success at Bong Mieu and Phuoc Son has been significant with recent resource updates; Bong Mieu on October 9, 2007 and Phuoc Son on January 15, 2008. (See Reserve and Resource Table under Our Properties) The budget for exploration activities over the next five years is projected to be in excess of US$25 million, much of which will be funded from production.