Feasibility Study FOR the Mabilo Project Approved BY the Mines and Geosciences Bureau Announcement to the Toronto Stock Exchange, Australian Securities Exchange and OTCQB
FEASIBILITY STUDY FOR THE MABILO PROJECT APPROVED BY THE MINES AND
GEOSCIENCES BUREAU
ANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE,
AUSTRALIAN SECURITIES EXCHANGE AND OTCQB
17 JULY 2019
The Board of RTG Mining Inc. (“ RTG”, the “ Company”) ( TSX:RTG, ASX:RTG,
OTCQB:RTGGF) is pleased to announce that the Mines and Geosciences Bureau (“MGB”)
has formally approved the Feasibility Study for the Mabilo Project, held by Mt. Labo
Exploration and Development Corporation (“Mt. Labo”). Following a review by the Technical
Committee on Mining Project Feasibility Studies, the evaluation confirmed the project is
technically and economically feasible after consideration of the environmental, social and
fiscal costs prescribed under the Philippine Mining Act of 1995 and its Revised Implementing
Rules and Regulations as amended. This is a critical step in the finalisation of permitting for
the start up of the Mabilo Project by Mt. Labo and they have expressed their appreciation to
the MGB for their support.
ABOUT RTG MINING INC
RTG Mining Inc. is a mining and exploration company listed on the main board of the Toronto
Stock Exchange, the Australian Securities Exchange and the OTCQB Venture Market. RTG is
focused on a proposal with a landowner lead consortium to secure an exploration licence at
the high tonnage copper -gold Panguna Project in Bougainville PNG and the high grade
copper/gold/magnetite Mabilo Project in the Philippines, while also identifying major new
projects which will allow the Company to move quickly and safely to production.
RTG has an experienced management team which has to date developed seven mines in five
different countries, including being responsible for the development of the Masbate Gold Mine
in the Philippines thro ugh CGA Mining Limited. RTG has some of the most respected and
international institutional investors as shareholders including Franklin Templeton, Sun Valley,
Sprott and Equinox.
ENQUIRIES
Australian Contact US Contact
President & CEO – Justine Magee Jaime Wells
Tel: +61 8 6489 2900 Tel: +1 970 640 0611
Fax: +61 8 6489 2920 Fax:
Email: [email protected] Email: [email protected]
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
This announcement includes certain “forward -looking statements” within the meaning of
Canadian and applicable securities legislation. Statement regarding interpretation of
exploration results, plans for further exploration and accuracy of mineral resource and mineral
reserve estimates and related assumptions and inherent operating risks, 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 RTG’s expectations include uncertainties related to fluctuations in gold and
other commodity prices and currency exchange rates; uncertainties relating to inte rpretation
of drill results and the geology, continuity and grade of mineral deposits; uncertainty of
estimates of capital and operating costs, recovery rates, production estimates and estimated
economic return; the need for cooperation of government agenc ies in the development of
RTG’s mineral projects; the need to obtain additional financing to develop RTG’s mineral
projects; the possibility of delay in development programs or in construction projects and
uncertainty of meeting anticipated program milesto nes for RTG’s mineral projects and other
risks and uncertainties disclosed under the heading “Risk Factors” in RTG’s Annual
Information Form for the year ended 31 December 201 7 filed with the Canadian securities
regulatory authorities on the SEDAR website at sedar.com. The forward ‐looking statements
made in this announcement relate only to events as of the date on which the statements are
made. RTG will not release publicly any revisions or updates to these forward ‐looking
statements to reflect events, circumstances or unanticipated events occurring after the date of
this announcement except as required by law or by any appropriate regulatory authority.