#Brazil #GoldMining #Pará #São Jorge #Alexandre Pimenta

GoldMining's Strategic Move: Leadership Transition for São Jorge Project

GoldMining Inc. has made an important leadership decision with the appointment of Alexandre Soares Pimenta as Project Director for the São Jorge Gold Project, located in Pará State, Brazil. This move signals a significant step forward as the company lays the groundwork for the upcoming phases of the project’s development.

Leadership with Experience

Mr. Pimenta brings over 25 years of extensive experience in mining, metallurgy, engineering, and the management of large-scale industrial projects. His previous roles at prominent firms like ORE Investments, Gerdau, and Alcoa have equipped him with a robust skill set that is essential for driving the São Jorge Project ahead. The wealth of knowledge and expertise he possesses will be crucial as the project progresses into its next phase.

Mr. Pimenta’s career has been marked by significant achievements in leading multidisciplinary teams through key mining project stages, from initial technical studies to operational ramp-ups. As Project Director, he will be at the helm of coordinating the technical studies, project planning, and implementation strategy for São Jorge.

Advancing the São Jorge Project

With Mr. Pimenta at the forefront, GoldMining is set to commence pre-feasibility activities and begin an infill diamond drilling program. These initiatives aim to support further evaluation and development planning, providing a clearer picture of the project’s potential.

The São Jorge Gold Project is situated in the rich Tapajós gold district, adjacent to regional highways, making it a favorable location for mining activities. The project's model indicates plans for a conventional open-pit operation capable of processing 5,500 tonnes per day over a mine life of over a decade. This promising outlook was highlighted in a preliminary economic assessment (PEA) indicating an enticing after-tax net present value and internal rate of return, emphasizing the project's viability.

The Path Ahead

GoldMining's CEO, Alastair Still, expressed his enthusiasm regarding the appointment, underscoring Mr. Pimenta's ability to lead major projects in Brazil. As preparations for the infill drilling program enter their final stages and pre-feasibility activities are set in motion, GoldMining is keen on delineating the deposit further and advancing the necessary technical work to evaluate the development potential of São Jorge.

The São Jorge Project, with its granite-hosted, intrusion-related gold mineral system, shares its geological characteristics with the nearby Tocantinzinho gold mine, which has been operational since 2024. This geographical proximity not only indicates a favorable mining environment but also provides a benchmark for operational success.

As GoldMining continues to progress under the guidance of Mr. Pimenta, the industry will be watching closely, eager to see how these developments unfold. With the ambition of transforming the São Jorge Gold Project into a thriving operational site, the newly appointed Project Director has a pivotal role in steering the company towards its goals in the competitive mining landscape.

In conclusion, Alexandre Pimenta's leadership marks a strategic move for GoldMining as they aim to elevate the São Jorge Project. As he steers the project's next phases, the focus will remain on leveraging his extensive experience to ensure that the project achieves its full potential, paving the way for future success in the mining sector.