The Guelb Moghrein coppergold operation is 100% owned by Mauritanian Copper Mines (MCM), a First Quantum subsidiary. The mine is located 250 kilometres northeast of the nations capital, Nouakchott, near the town of Akjoujt.
Akjoujt Project . This is a gold and copper project located at about 30km west of the Guelb Moghrein mine. The project is made up of exploration permits that cover 750km2 of the rich Iron Oxide Copper Gold (IOCG) mineralization Guelb Moghrein region.
GUELB MOGHREIN COPPERGOLD MINE, MAURITANIA PAGE 2/ 3 Production GUELB MOGHREIN PRODUCES COPPER AND GOLD IN CONCENTRATE AND GOLD BULLION. This Mineral Reserve as at December 31, 2010 has been delineated by independent consulting Mining Engineer, Anthony Cameron of AJ Cameron and Associates based in Perth Australia.
Guelb Moghrein Copper Gold Mine Technical Report March 2016 8 TABLE OF TABLES Table 11 March 2016 Guelb Moghrein Mineral Resource statement depleted of mined material as at 31st December 2015 and using a CuEq cutoff of 0.5% for resources north of the 19,300m northing and a Cu cutoff of 0.5% for resources south of 19,300m northing.11