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Cabral Gold (TSXV:CBR) - Brazilian Gold Project Advances Toward Mid-2025 Production Decision

30 May 2025

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Interview with Alan Carter, President & CEO of Cabral Gold Inc.Our previous interview: https://www.cruxinvestor.com/posts/cabral-gold-tsxv-cbr-near-term-production-pivot-advances-6950Recording date: 28th May 2025Cabral Gold Corp (TSXV:CBR) is positioning itself as a compelling transition story in the junior mining sector, advancing its Cuiú Cuiú gold project in northern Brazil from exploration toward near-term production through an innovative low-cost strategy. CEO Alan Carter has architected a development approach centered on extracting gold from saprolite—weathered rock material resembling mud—through heap leach processing, offering significant advantages over traditional hard rock mining.The company's starter operation targets a 60-meter thick saprolite layer requiring no drilling, blasting, or crushing, making it "an earth moving exercise basically, not a rock mining exercise," according to Carter. Metallurgical testing has yielded exceptional results, with 70% gold recovery achieved within 12 days compared to months typically required for heap leach operations. The September 2024 Preliminary Feasibility Study outlined $37 million USD in capital costs, generating a 47% post-tax Internal Rate of Return at $2,250 per ounce gold. With current gold prices around $3,250 per ounce, Carter projects approximately $2,300 per ounce profit margins.Beyond the starter operation lies significant district-scale potential. Historic placer production of 2 million ounces at Cuiú Cuiú compares to just 200,000 ounces at neighboring Tocantinzinho, which became a 2.5 million ounce deposit. Cabral's soil anomaly spans 7 kilometers versus 1.2 kilometers at Tocantinzinho, while the company has identified 50 exploration targets compared to six at the neighboring mine.Recent drilling has delivered impressive results, including 12 meters at 27 grams per tonne and 49 meters at 2 grams per tonne across multiple new discoveries. Following a successful $15 million CAD financing, the company has mobilized multiple drill rigs to advance various targets toward resource estimates.Carter has invested $2 million CAD personally, demonstrating management alignment while rejecting traditional dilutive financing models. The company expects a construction decision by mid-Q2 2025, with production targeted for mid-2026, positioning Cabral to generate cash flow for district-wide exploration while avoiding excessive shareholder dilution.View Cabral Gold's company profile: https://www.cruxinvestor.com/companies/cabral-goldSign up for Crux Investor: https://cruxinvestor.com

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