The township of Raub is situated close to the project and, as a historic gold mining town, provides a ready supply of skilled labour and essential services
Many of Raub's inhabitants are descended from the historic miners of the area, and Peninsular's activitities are providing the impetus for a marked resurgence in the town's fortunes.
Geology and Resources
The Raub gold deposit is hosted in a 6km long vertical mesothermal quartz-carbonate veins system similar to the Victoria Goldbelt in Australia. The Raub project has been the site of extensive historic gold mining, as well as limited modern operations and currently hosts a proven reserve of 202,000 ounces in 8.6 million tonnes of tailings. In addition a further 218,000 ounces of gold has been identified to date in an area known as the East Lode oxides, comprising 136,000 ounces in the measured and indicated categories and 82,000 ounces inferred (per the JORC standard). Peninsular's next target is to delineate over 1 million ounces of gold resources at Raub.
The primary deposit below the oxide ore is the object of an ongoing RC and Diamond drilling programme to a vertical depth of 300m, soon followed by the exploration of the extension of the veins below the old underground works.
Gold Production at Raub
Peninsular's initial objective has been to restart gold production at Raub via a modern and new Carbon-in-leach plant which was recently completed and commissioned. Its first gold pour took place on 18th February 2009.
Community and Environment
Peninsular is constantly mindful of the local community and of the environment, and goes to great lengths to work in harmony with both
RAGM must comply with conditions set under the Mining License and by the Department of Environment. Comprehensive baseline studies have been completed which include monitoring of noise levels, ground and surface water as well as air quality.
The project has been designed to minimise the catchment area of plant and tailings storage facility. All the process solution is recycled, the process water circuit is designed for zero discharge, the water collected on site is used as process make up water, the site run off passes through maturation ponds which act as biological filters before passing into the stream. The discharge water subject to stringent conditions stipulated by the authorities.
Preferential Tax Status
The Raub project has been awarded Pioneer Status by the Malaysian Industrial Development Authority, the Malaysian government's principal agency for the promotion and coordination of industrial development in Malaysia. The Pioneer scheme provides tax incentives to selected companies, and is intended to encourage investment in Malaysia. Participation in the scheme will benefit the Raub project's economics to a substantial degree.
Geology and Resources
Tersang is located about 20km North of Raub and along the same regional mineralized strike. The Tersang gold deposit consists of a large and dense quartz veins stockwork enclosed in a 2km elongated acidic (felsites) dyke. It currently hosts inferred & indicated gold resources of 120,000 ounces
An extensive RC and Diamond drilling programme is actually conducted by the Company at Tersang. A first pass of RC drilling has also recently been completer at Tenggelan, a deposit similar to Tersang and located 6km to the North.
The Company is also actively involved in the surface regional survey of the rest of its 24,830 acres of exploration licenses where several high rank anomalies were previously identified.