St. Augustine Announces Results of Its Annual General Meeting
St. Augustine Gold and Copper Limited (TSX: SAU) held its Annual General Meeting on June 27, 2025, where shareholders approved all proposed resolutions. The meeting saw strong support for the election of director-nominees, with each receiving 99.73% approval. Shareholders also approved Davidson and Company LLP as external auditors with 99.38% support.
The company's flagship Kingking Copper-Gold Project in the Philippines has estimated mineral reserves of 617.9 million tonnes at 0.300% total copper and 0.395 g/t gold. The project is expected to recover 3.16B lbs of copper and 5.43M oz of gold over its 25-year life, with a pre-tax NPV of $2.0 billion and IRR of 24.8%.
St. Augustine Gold and Copper Limited (TSX: SAU) ha tenuto la sua Assemblea Generale Annuale il 27 giugno 2025, durante la quale gli azionisti hanno approvato tutte le risoluzioni proposte. L'elezione dei candidati al consiglio di amministrazione ha ricevuto un forte sostegno, con un 99,73% di approvazione per ciascuno. Gli azionisti hanno inoltre approvato Davidson and Company LLP come revisori esterni con un 99,38% di supporto.
Il progetto principale della società, il Kingking Copper-Gold Project nelle Filippine, presenta riserve minerali stimate di 617,9 milioni di tonnellate con un contenuto di rame totale dello 0,300% e oro a 0,395 g/t. Si prevede che il progetto recupererà 3,16 miliardi di libbre di rame e 5,43 milioni di once d'oro nel corso dei suoi 25 anni di vita, con un valore attuale netto pre-tasse di 2,0 miliardi di dollari e un tasso interno di rendimento (IRR) del 24,8%.
St. Augustine Gold and Copper Limited (TSX: SAU) celebró su Junta General Anual el 27 de junio de 2025, donde los accionistas aprobaron todas las resoluciones propuestas. La elección de los candidatos a director recibió un fuerte respaldo, con un 99,73% de aprobación para cada uno. Los accionistas también aprobaron a Davidson and Company LLP como auditores externos con un 99,38% de apoyo.
El proyecto principal de la compañía, el Kingking Copper-Gold Project en Filipinas, tiene reservas minerales estimadas de 617,9 millones de toneladas con un contenido total de cobre del 0,300% y oro de 0,395 g/t. Se espera que el proyecto recupere 3,16 mil millones de libras de cobre y 5,43 millones de onzas de oro durante sus 25 años de vida, con un valor presente neto antes de impuestos de 2.000 millones de dólares y una tasa interna de retorno (TIR) del 24,8%.
St. Augustine Gold and Copper Limited (TSX: SAU)는 2025년 6월 27일 연례 주주총회를 개최했으며, 주주들은 제안된 모든 결의안을 승인했습니다. 이사회 후보자 선출에 대해 각각 99.73%의 높은 찬성률을 보였으며, Davidson and Company LLP를 외부 감사인으로 99.38%의 지지로 승인했습니다.
회사의 대표 프로젝트인 필리핀의 Kingking Copper-Gold Project는 총 0.300% 구리와 0.395 g/t 금을 포함한 6억 1,790만 톤의 추정 광물 매장량을 보유하고 있습니다. 이 프로젝트는 25년 동안 31억 6천만 파운드의 구리와 543만 온스의 금을 회수할 것으로 예상되며, 세전 순현재가치(NPV)는 20억 달러, 내부수익률(IRR)은 24.8%입니다.
St. Augustine Gold and Copper Limited (TSX : SAU) a tenu son Assemblée Générale Annuelle le 27 juin 2025, lors de laquelle les actionnaires ont approuvé toutes les résolutions proposées. L'élection des candidats au conseil d'administration a reçu un fort soutien, chacun obtenant 99,73 % d'approbation. Les actionnaires ont également approuvé Davidson and Company LLP en tant qu'auditeurs externes avec un soutien de 99,38 %.
Le projet phare de la société, le Kingking Copper-Gold Project aux Philippines, dispose de réserves minérales estimées à 617,9 millions de tonnes avec un taux total de cuivre de 0,300 % et d'or à 0,395 g/t. Le projet devrait permettre de récupérer 3,16 milliards de livres de cuivre et 5,43 millions d'onces d'or sur une durée de vie de 25 ans, avec une valeur actuelle nette avant impôts (VAN) de 2,0 milliards de dollars et un taux de rendement interne (TRI) de 24,8 %.
St. Augustine Gold and Copper Limited (TSX: SAU) hielt am 27. Juni 2025 seine Jahreshauptversammlung ab, bei der die Aktionäre alle vorgeschlagenen Beschlüsse genehmigten. Die Wahl der Direktorkandidaten erhielt eine starke Unterstützung mit jeweils 99,73% Zustimmung. Die Aktionäre stimmten außerdem Davidson and Company LLP als externe Prüfer mit 99,38% Unterstützung zu.
Das Flaggschiff-Projekt des Unternehmens, das Kingking Copper-Gold Project auf den Philippinen, verfügt über geschätzte Mineralreserven von 617,9 Millionen Tonnen mit einem Kupfergehalt von 0,300% und Goldgehalt von 0,395 g/t. Es wird erwartet, dass das Projekt über seine 25-jährige Laufzeit 3,16 Milliarden Pfund Kupfer und 5,43 Millionen Unzen Gold fördert, mit einem Vorsteuer-Nettobarwert (NPV) von 2,0 Milliarden US-Dollar und einem internen Zinsfuß (IRR) von 24,8%.
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Singapore, Singapore--(Newsfile Corp. - June 27, 2025) - 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 27, 2025.
The director-nominees listed in the Company's 2025 management information circular filed on SEDAR were elected as follows:
| Name of Nominee | Votes for | Percentage | Votes Withheld | Percentage |
| Manuel Paolo A. Villar | 299,515,642 | 804,400 | ||
| Yolanda L. Coronel-Armenta | 299,515,642 | 804,400 | ||
| Edsel M. Abrasaldo | 299,515,642 | 804,400 | ||
| Johnny C. Felizardo | 299,515,642 | 804,400 | ||
| Eugene T. Mateo | 299,505,642 | 814,400 |
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.
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.sedarplus.ca on November 1, 2013, the Project has a pre-tax NPV of
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 actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties related to fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainties relating to the completion of a bankable feasibility study; uncertainty of estimates of capital and operating costs, recovery rates production estimates and estimated economic return; the need for cooperation of the Company's joint venture partner and government agencies in the development of the Company's mineral projects; the need to obtain further permits and additional financing to develop the Company's mineral projects; the possibility of delay in development programs or in construction projects and uncertainty of meeting anticipated program milestones for the Company's mineral projects; and other risks and uncertainties disclosed under the heading "Risk Factors" in the Annual Information Form dated March 27, 2019, and filed with Canadian securities regulatory authorities on the SEDAR website at www.sedarplus.ca.
For more Information:
Lenna Mae Leopoldo
Investor and Public Relations Contact
T: +6382 225 0884
E: lleopoldo@kingking.ph
ST. AUGUSTINE CORPORATE
HEADQUARTERS
No. 21, Greenwood Lane,
Singapore, 286949
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257219
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