St. Augustine Annouces Results of Its Annual General Meeting
ST. AUGUSTINE ANNOUCES RESULTS OF ITS ANNUAL GENERAL MEETING
Singapore, November 8, 2019 – 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 28, 2019.
The director-nominees listed in the Company’s 2019 management information circular
filed on SEDAR were elected as follows:
Name of Nominee Votes for Percentage Votes Withheld Percentage
Manuel Paolo A. Villar 482,441,639 99.93% 318,200 0.07%
Yolanda L. Coronel-
Armenta 482,441,639 99.93% 318,200 0.07%
Edsel M. Abrasaldo 482,441,639 99.93% 318,200 0.07%
Johnny C. Felizardo 482,441,639 99.93% 318,200 0.07%
Eugene T. Mateo 482,441,639 99.93% 318,200 0.07%
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. 99.51% of the votes cast supported the
appointment of the auditors.
The King-king Copper-Gold Project
The King-king Copper-Gold Project is located in 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 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.sedar.com.
For more Information:
Lenna Mae Leopoldo
Investor and Public Relations Contact
ST. AUGUSTINE CORPORATE
HEADQUARTERS
T: +6382 225 0884 No.21, Greenwood Lane,
E: [email protected] Singapore, 286949