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St. Augustine Gold and Copper Announces Results of Its Annual General Meeting
Singapore--(Newsfile Corp. - June 30, 2021) - St. Augustine Gold and Copper Limited (TSX: SAU) ("St. Augustine" or the "Company") announced that the shareholder
About this update from St. Augustine Gold & Copper Ltd.
[{"type":"text","content":" Singapore--(Newsfile Corp. - June 30, 2021) - St. Augustine Gold and Copper Limited (TSX: SAU) (\"St. Augustine\" or the \"Company\") announced that the shareholders have approved all resolutions brought before them at the Annual General Meeting of Shareholders held on June 30, 2021. The director-nominees listed in the Company's 2021 management information circular filed on SEDAR were elected as follows: Name of Nominee Votes for Percentage Votes Withheld Percentage Manuel Paolo A. Villar 321,851,233 99.96% 112,765 0.04% Yolanda L. Coronel-Armenta 321,851,233 99.96% 112,765 0.04% Edsel M. Abrasaldo 321,851,233 99.96% 112,765 0.04% Johnny C. Felizardo 321,851,233 99.96% 112,765 0.04% Eugene T. Mateo 321,851,233 99.96% 112,765 0.04% The shareholders also voted in favor of appointing Davidson and Company LLP as the external auditor of St. Augustine until the next annual meeting at such remuneration as may be determined by the Company's directors. 99.98% of the votes cast supported the appointment of the auditors. The Kingking Copper-Gold Project The Kingking Copper-Gold Project is located in Davao de Oro (formerly Compostela Valley) in the Philippines and is expected to recover 3.16B lbs. of copper and 5.43M oz. of gold over its 25-year mine and process life. According to the Preliminary Feasibility Study that was released on September 18, 2013, and then filed on www.sedar.com on November 1, 2013, the Project has a pre-tax NPV of $2.0 billion with an IRR of 24.8%. The estimated mineral reserves amount to 617.9 million tonnes at 0.300% total copper and 0.395 g/t gold. About St. Augustine St. Augustine (SAU.T) is a TSX-listed mining company focused on the development of the King-king Copper-Gold Project. The Project is one of the largest undeveloped copper-gold deposits in the world, and is listed as a top three-priority mining project by the Philippine government. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This announcement includes certain \"forward-looking statements\" within the meaning of Canadian securities legislation. All statements, other than statements of historical fact included herein are forward-looking statements. Forward-looking statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate, and ac...