Utilizing a “Hub & Spoke” Operating Strategy

Calibre’s asset base includes multiple ore sources, 2.7 million tonnes per annum of installed mill capacity from two processing facilities, reliable in-country infrastructure and favorable transportation costs. The Company will continue to optimize its mine and process plans as it progresses the “hub-and-spoke” approach to maximize value and allow the Company to quickly translate exploration success into production and cash flow.

Limon and Pavon Resources Hauled to Libertad “Hub”

  • Excellent Infrastructure
  • Limon/Pavon to Libertad haulage cost of ~$25-$30 per tonne

Surplus Mill Capacity at Libertad Complex

  • ~1.5 Mtpa average surplus mill capacity (2021 to 2025)
  • Capital is “sunk” and all permits and people are in place

Streamlined Permitting Environment

  • Government is supportive of mining industry
  • Limon Central (B2Gold) and Pavon Norte (Calibre)
  • ~18 months from permit application to first ore delivery
  • Allows us to quickly translate future exploration success into production
HUB
Installed
Processing Plant
SPOKE
Operating Mine

~18 months from permit application to first ore delivery

Follow us as we continue to discover, advance and create shareholder value.