Near-Term Cash Flow and Massive Exploration Upside - An Investor’s Guide to Cabral Gold

• Cabral Gold has an advanced gold project called Cuiú Cuiú in northern Brazil with 1.2 million ounces of indicated and inferred resources.
• They are doing a pre-feasibility study on the oxide cap, which could allow low-cost open pit mining of the weathered near-surface material.
• The goal is to get into cash flow quickly by mining the oxides, with potential production starting by end of 2024. Initial capex expected to be low.
• They recently raised $7M, putting them in a strong position to finance the pre-feasibility study and initial development.
• The project is next to a major new mine development by G Mining, bringing infrastructure improvements and highlighting the region's potential. Cabral controls a large district with exploration upside.

About Cabral Gold

Cabral Gold is a Canadian gold exploration company focused on advancing its flagship Cuiú Cuiú project located in northern Brazil. The fully permitted Cuiú Cuiú property covers over 200,000 hectares and contains numerous high-grade gold targets as well as placer gold occurrences that were mined during prior gold rushes. The project is located immediately adjacent to G Mining’s recently permitted Tocantinzinho gold project, which is slated to become one of Brazil’s largest gold mines.

Cabral’s current activities are focused on two fronts: fast-tracking near-term production from shallow oxides while aggressively exploring for multi-million ounce hard rock potential across the massive property package.

Interview with Alan Carter, President & CEO of Cabral Gold Inc.

Advancing Towards Near-Term Oxide Gold Production

Cabral is currently completing a pre-feasibility study examining low-cost production options for several oxide gold zones at Central. The oxide material stretches from surface to around 60m depth and preliminary metallurgical test work has shown excellent gold recoveries from simple open pit mining and heap leaching.

The company expects the pre-feasibility study to be completed in early 2023. Assuming positive economics, permitting and project financing could be completed by mid-2023, allowing for construction to commence during the dry season and first gold production by late 2024 or early 2025. The accelerated timeline is possible due to the simple nature of the proposed operation. Cabral has approximately C$7M in the treasury, providing ample funding to complete the study and permitting work.

Massive Exploration Upside

While the oxide gold zones provide a path to near-term cash flow, the primary exploration target at Cuiú Cuiú is the underlying hard rock. Previous artisanal miners extracted an estimated 2Moz of placer gold from streams draining the property, pointing to substantial hard rock potential. Further, Cabral’s current hard rock resources of 1.2Moz are based on just a fraction of the identified targets.

Importantly, Cabral controls the entire Cuiú Cuiú district, covering an area 10x larger than G Mining's permitted project next door. The company sees potential for multiple hard rock deposits across its holdings. Any new discoveries would significantly increase the resource base and extend potential mine life.

Meanwhile, construction of a $500M mine at Tocantinzinho will introduce power, roads and other infrastructure that can be leveraged at Cuiú Cuiú. The project will also focus attention on the highly prospective but underexplored Tapajos region.

Conclusion

For investors, Cabral Gold offers an attractive combination of near-term cash flow potential from shallow oxides, fully funded with an existing treasury, plus massive upside from exploration of a district-scale land package in an emerging gold camp. Led by a seasoned team with extensive experience in Brazil, Cabral is primed to capitalize on its first-mover advantage and cement itself as the next multi-million ounce producer in the Tapajos.