St. Augustine Announces Results of Its Annual General Meeting

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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%.

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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	99.73%	804,400	0.27%
Yolanda L. Coronel-Armenta	299,515,642	99.73%	804,400	0.27%
Edsel M. Abrasaldo	299,515,642	99.73%	804,400	0.27%
Johnny C. Felizardo	299,515,642	99.73%	804,400	0.27%
Eugene T. Mateo	299,505,642	99.73%	814,400	0.27%

 

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. 99.38% 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.sedarplus.ca 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 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

FAQ

What were the voting results for St. Augustine Gold and Copper's (TSX: SAU) 2025 AGM?

All director-nominees received 99.73% approval with 299.5M votes in favor, and the appointment of Davidson and Company LLP as auditors was approved with 99.38% support.

What are the key metrics of St. Augustine's Kingking Copper-Gold Project?

The project has 617.9M tonnes of mineral reserves, expected to recover 3.16B lbs of copper and 5.43M oz of gold over 25 years, with a pre-tax NPV of $2.0 billion and IRR of 24.8%.

Who are the directors elected to St. Augustine's board in 2025?

The elected directors are Manuel Paolo A. Villar, Yolanda L. Coronel-Armenta, Edsel M. Abrasaldo, Johnny C. Felizardo, and Eugene T. Mateo.

Where is the Kingking Copper-Gold Project located?

The Kingking Copper-Gold Project is located in Davao de Oro (formerly Compostela Valley) in the Philippines.