St. Augustine Annouces Results of Its Annual General Meeting
ST. AUGUSTINE ANNOUCES RESULTS OF ITS ANNUAL GENERAL MEETING
Singapore, July 2, 2024 – 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, 2024.
The director-nominees listed in the Company’s 2024 management information circular
filed on SEDAR+ were elected as follows:
Name of Nominee Votes for Percentage Votes Withheld Percentage
Manuel Paolo A. Villar 519,114,552 99.98% 78,353 0.02%
Yolanda L. Coronel-
Armenta 519,114,552 99.98% 78,353 0.02%
Edsel M. Abrasaldo 519,114,552 99.98% 78,353 0.02%
Johnny C. Felizardo 519,114,552 99.98% 78,353 0.02%
Eugene T. Mateo 519,104,552 99.98% 88,353 0.02%
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. 99.9 9% 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, 20 13, 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 invo lve
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 stat ements.
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