Asian OnlyFans Girls Are Becoming Investing & Business Masters

As a community, the Asian OnlyFans girls are not just beautiful — they have a strong work ethic and a knack for business. And now that more people are beginning to learn of their wealth-building success stories, this group is growing in popularity. As a result, more companies are looking at them as potential investors.

It’s no wonder why they’ve become such valuable assets in the business world. In addition to being gorgeous, Asian OnlyFans girls are highly intelligent and hardworking and looking to fuck. They’ve made it their mission to make their money grow, and they’re also very savvy when it comes to marketing themselves. This is because they know that in order to succeed, they need to be seen by as many people as possible. And with social media sites like Instagram and YouTube providing a great platform for exposure, these young women have used these channels to catapult their careers.

Leaked Content From OnlyFans

Since the content is so popular, Asian OnlyFans leaks are increasingly common too. In fact, there’s always a risk that someone will take a photo or video from one of these posts and upload it somewhere else. This can hurt their income, since users aren’t paying for leaked content, but can also act as free marketing. After all, if the girl has a large following, she can direct users to other platforms where they might be willing to pay.

So while some of these leaks do hurt the bottom line, they’re still a part of the business. These women have to stay on top of things and protect their reputation and image. If they want to continue making money, they’ll have to find a way to capitalize on the attention. So far, most have done this by expanding their horizons beyond OnlyFans.

Investing & Business Opportunities

For instance, a few of these girls have started businesses. For example, Miko Liu, a 22-year-old model from China, has set up her own clothing brand called “Mikoh Liu.” The name is a play on her last name, as well as a reference to her initials. She’s been successful, and in a recent interview with OnlyFans, she explained how she got into this business.

“I was doing beauty videos before and I didn’t think I would be able to make money out of it,” she said. “But after seeing my friends’ videos, I realized that if I wanted to make more than $500 per month, I had to do something else.”

The only problem? At that time, she wasn’t sure what else she could do. So she decided to start a business instead. She bought some clothes, made a logo, and created her brand. She then began posting photos of herself modeling various outfits, and the rest was history.

Another example is Mia, a 22-year-old model from Singapore. She first got into fashion modeling in 2012. However, by 2016, she felt like she needed a new challenge. That’s when she took on the role of an investor.

She told OnlyFans: “I started investing my money in real estate and stocks when I was 18. I also invested in some private businesses which were run by a friend. But now I have more freedom to focus on my own ventures.”

And in her latest venture, Mia is using OnlyFans to expand her fan base. She currently has over 6,000 followers on the site and uses it as a way to communicate with fans and sell merchandise. She’s also working on a second project.

How Other Platforms Can Help

Because of the ease of posting and the high level of traffic, OnlyFans is an extremely popular website for models. However, it doesn’t offer the same opportunities for expansion that other sites do. For example, if a model wants to branch out and start a business, they’ll likely want to use a different platform.

That’s where other sites come in. For example, many of the Asian OnlyFans girls also have profiles on Twitter, Tumblr, or even Snapchat. These sites can help them get their name out there, and they can also give them access to other platforms as well with social media marketing.

In fact, some of these girls are actually using multiple sites. For instance, Aimee Song, a 24-year-old model and actress from Canada, is using both Facebook and Instagram as ways to market herself. On these platforms, she has over 2 million followers combined. She uses them to interact with fans and share information. She also has a YouTube channel with nearly 500,000 subscribers.

Other platforms she’s used include TikTok, which has given her a huge boost in popularity. In fact, in a recent interview with OnlyFans, she revealed how it helped her career.

“TikTok has been very helpful for me. My videos are getting a lot of views and I am starting to see more of a return. I’ve also received requests from companies who want to book me for events.”

In the end, it’s clear that these girls are doing a lot with their online presence. They’re using it to grow their fan bases and also as a way to build a business. It’s also worth noting that they’ve learned a lot about business and investing from these platforms, which is why they can be so good at it.

Should I invest in Bitcoin mining companies?

If you’re trying to get in on the crypto mining craze, then publicly traded bitcoin mining companies offer an easy way to do so. On the upside, you can make a return based on the profitability of mining bitcoin. Are there any reasons why you should pass up this opportunity? In this article, we’ll cover the basics of bitcoin mining stocks, and whether or not it’s a good idea to invest in them.

What is crypto mining?

Let’s begin by defining what crypto mining is. First, it’s important to remember that cryptocurrencies are decentralized; therefore, they aren’t issued through banks or governments like traditional currencies are. Instead, people mine coins with powerful computer hardware (known as “mining rigs”) using certain algorithms.

These algorithms run software known as mining pools, which allows miners to pool their computing power into one large group, rather than having to take on such huge costs individually. The more computational power your rig possesses, the faster you can find the solutions needed to solve complex math problems and verify transactions on the Bitcoin network.

Once solved, these problems allow for the release of new coins. When crypto miners solve the problem, they receive a reward in the form of a newly created block of bitcoins. This process repeats itself over time until the total supply, or market cap, reaches 21 million. At that point, miners will no longer be able to earn new coins, but existing ones will still continue to exist. Mined bitcoin will just come from network transaction fees at this point.

Why would I want to mine bitcoin?

For those who don’t know how crypto mining works, it may seem like there isn’t much of a reason to participate. After all, it seems like anyone could start mining at any given moment. However, while this is technically true, it doesn’t actually mean that every miner has access to the same amount of computing power. Some people have mining rigs capable of solving the kinds of difficult math problems necessary to generate new blocks. Others cannot. Therefore, if you’re interested in mining bitcoin, you need to buy the right equipment.

If you already own a computer, you might consider purchasing a graphics card specifically designed to mine cryptocurrency. There are also off-the-shelf mining rigs available. One popular option is a Genesis Mining ASIC miner. These units can be purchased directly from the manufacturer for anywhere between $500 and $3500. Of course, you’ll also have to pay for electricity and internet connectivity. While this is not an inexpensive endeavor, it does offer the potential for a high return on investment.

Is investing in crypto mining stocks better than investing in hardware?

There are two primary ways to invest in crypto mining. The first is by buying mining rigs, then renting out the processing power for profit. You can purchase mining rigs online, but the most effective method is to rent them from third party websites. For example, CoinTerra offers mining hardware rentals starting at around $10 per day.

The second method is to invest in publicly traded mining stocks that owns mining rigs. Companies such as Bitmain and Giga Watt provide mining rigs for use by investors. They also sell shares in their companies. Companies like Marathon digital holdings run mining operations that the public can invest into.

Many of these companies offer high returns, due to the significant amount of computing power involved in mining. However, they are also extremely risky investments. Since they are highly dependent upon the success of the underlying asset, investing in these companies is akin to placing bets against the market.

What are the advantages of mining stocks?

One of the biggest advantages of investing in mining stocks instead of hardware is that they are relatively risk-free. For many investors, the prospect of losing money on an expensive piece of equipment makes mining unappealing. However, mining stocks give you the ability to earn a return without putting up anything of value yourself. You can also easily liquidate your position if you decide to stop mining.

What are the advantages of buying Bitcoin miners?

On the other hand, some people believe that mining stocks are less profitable than owning mining rigs. This is because they must spend money on things such as rent, salaries, and maintenance. Also, since they are publicly traded, they have to maintain shareholder expectations. This means that they cannot operate in a manner that harms their business model, even if it results in lower profits. If they fail to meet these obligations, shareholders may lose confidence in their company, causing their stocks to crash.

In this sense, these companies are somewhat like regular businesses. They require management, marketing, and accounting. Additionally, they must abide by laws concerning corporate governance, and they must comply with the regulations of the SEC. All these factors put pressure on a Bitcoin mining company to maximize its profits, often at the expense of the individual miner.

How do I choose between hardware and mining stocks?

If you’re interested in crypto mining, the decision comes down to personal preference. Both methods allow you to participate in the industry, albeit in slightly different ways. If you prefer to manage your own assets, then you should opt for hardware. However, if you lack the technical knowledge required to set up and maintain mining equipment, then it may be worth buying shares in a publicly traded company.

It’s also important to keep in mind that these mining operations have gone public recently. This means that you could potentially see a return on your investment within a matter of months. This is something that you won’t be able to say about hardware, which takes years to generate a profit. If you’re willing to wait five or ten years to make a return, then hardware is probably the best option for you.

In conclusion

If you’re considering investing in mining stocks, then you should understand exactly what you’re getting into. Returns on some mining stocks are very similar to the mining rigs that you’d buy in a store. However, they are also subject to many of the same risks as any publicly traded company.

If you’re looking for an alternative to traditional investing, then mining stocks offer a unique opportunity. However, it’s important to remember that you’re taking a gamble when you invest in them.

Well Hello CEO: Top 15 Gold Stocks For 2020

Gold production is an industry more people should be buying stock in. Mining and other companies that focus on the production of gold are great to invest in because they’re not as directly affected by the price of gold as if you were to invest in gold itself. “Gold saw a rocky time in price value in 2018, but quickly bounced back in the final weeks before 2019, with some gold mining companies seeing significant gains in stock” – says Well Hello CEO Mike Malkavich, an industrious CEO and gold investor. In 2019, gold mining companies have the highest potential to The value of gold continues to rise above the cost of production for gold mining companies, allowing profits to scale up.

If you’re interested in investing in some gold mining companies, here are some you should consider.

Barrick Gold

Barrick Gold is merging with Newmont Mining, after already merging with Randgold Resources of South Africa, to create the largest gold-producing company in the world. Doing so makes them more stable in the market, and hold better-quality earnings to deliver to their investors. The stock-for-stock transaction is worth $10 billion and will be called Newmont Goldcorp, making it an exciting time to invest in Barrick Gold.

AngloGold Ashanti Ltd.

Being the third-largest gold mining company in the world, AngloGold Ashanti Ltd. is a South African company formed by the merging of AngloGold Limited and Ashanti Goldfields Company Limited in 2004. This company promises to show more significant gains than they saw for the month of January in 2018 this year and is one to keep an eye on.

Franco Nevada

If you take a look at history, Franco Nevada is one of the top performing gold stocks of all time. Since their IPO of over a decade ago, Franco Nevada has returned 400% to its investors while outperforming the price of gold. They’re a gold streaming/royalty company rather a mining company themselves, meaning they finance other companies’ mines. This company is also completely debt-free, so I’d highly recommend investing in them.

Sandstorm Gold

Another gold streaming/royalty company to consider is Sandstorm Gold, and while they’re not on the same level as Franco Nevada, they have more upside potential and is also debt-free, with lots of growth potential. Sandstorm Gold also has a stake in the Hot Maden gold development project in Turkey, which is expected to be one of the most profitable mines in the world. If all goes well, this could make for a substantial outsized positive impact on Sandstorm and double their cash flow.

Kinross Gold Corp.

If you’re on the lookout for a company on the come-up, Kinross Gold Corp. of Ontario, Canada is an excellent choice. They oversee mining operations in six different countries, and the company is continuously growing. Kinross expects to open multiple new mining operations to begin to produce ore in 2019.

Newmont Mining Corp.

Again, as previously mentioned, Newmont Mining Corp. is forming the world’s largest gold mining company with Barrick Gold, but it has a rich history of its own. It’s been around for almost 100 years, and it’s the only gold mining company listed in the S&P 500. Investing in this gold mining company

Kirkland Lake Gold

Although lesser-known than other gold mining companies, Kirkland Lake Gold is an underrated company you should invest in. With four gold-producing mines in Canada and Australia, Kirkland Lake Gold is a company growing at an astounding pace. The company has plans to exceed its record-high production of 596,405 ounces of gold, and their capital expenditures are expected to peak in 2019. This will allow for greater cash flow that they can give back to shareholders as higher dividends.

5 Reasons You Need To Invest In Mining Stocks In 2019

While investing in mining stocks isn’t quite as popular as investing in tech, it still accounts for over 45% of the world GDP – mostly because natural resources are essential to the human experience.

Investing your money in a steady stock like mining is a great way for an average Joe like you to make some decent cash – especially in 2019. Let’s jump in and find out why mining stocks are so hot this year.

Shiny Objects

Since the beginning of time human have been obsessed with shiny objects. Kings emassed vaults of golden objects, pirates scourged the seas in search of jewels and assorted treasures – hell, even Jesus of Nazareth got a few fine metals for his birthday.

Even today, men and women all over the world use jewelry to displaying status, bring attention to victory, or in the form of self-expression. And thanks to more people gaining access to these fine items, the stocks just keep getting better.

Investing in gold-mining companies is almost always a safe bet for this reason. Gold-mining is a practice that can be traced back to 7000 years ago, so I don’t think it’s going away any time soon.


It should come as no surprise to you that steel is one of the most widely used metals in the world. Steel is perfect for building structures large and small, crafting knives, sculptures, tools, and just about anything else you can imagine.

Last year steel stocks gained an 8.9% increase in value over the last half of the year, and the streak hasn’t slowed down much. See, that’s the thing about mining stocks – you always know when they’re on the upwards trajectory, and you always know when they’re on the downward.

Steel isn’t the only metal that shifts in value, affecting the stock price for the mining companies. Aluminum and copper are good examples of metals that aren’t exactly stationary. And while steel is the most stable out of the three, it’s not immune to dips in value.

With construction companies expanding and repairing every city and road in the country, you know the price of mining stocks is about to go right up with it.


I don’t know if anybody out there has heard of Donald Trump, but he is the sitting president of the United States at the moment, and while the average citizen hates him – the mining companies love him. I don’t know if it’s the desire to turn America back into one big coal mine, or the money these mining companies are (allegedly) paying him, but Donnie has done away with a lot of the rules set in place by the previous president.

The Internet Privacy Rule, Dental Mercury Waste Rule, and Net Neutrality are among the list of repealed regulations issued by President Trump. Another one that he is particularly proud of is the coal mining regulation – the same regulation that kept most coal mining companies out of the U.S.

With this new change has come an opportunity for new investors, much like yourself, to start making serious money by investing in mining stocks. Coal mining companies are popping up all over the U.S. now that these regulations have been repealed, so start thinking about which ones you want to invest in. There’s no telling how long this presidency is going to last – or its changes for that matter. Hop on and ride the wave while you can!

Pros And Cons Of Investing In Mining Stocks [New Info]

There are an insane amount of variables to think about when committing your funds to an investment. Even a $20 investment must be carefully thought-out and painstakingly reviewed if you want to make some real money.

Investing in mining stocks isn’t much different than investing in something like soap or agriculture. It provides a recourse humans cannot live without – metal. In fact, mining stocks in 2018 made up over 45% of the global GDP, so I think it’s safe to say they’re doing pretty well. Let’s tackle some of the pros and cons of investing in a mining company.


Gold is a very unique metal, in terms of investment characteristics. I mean, it’s literally gold – the thing we literally use as the benchmark for value on the planet Earth.

In the world of mining stocks, gold mining seems to be a very safe bet for anybody trying to get their foot in the door. It’s considered a good first step for people that are trying their luck at investing in stocks for one reason; people aren’t going to get tired of shiny objects any time soon.

Another great pro for gold mining is its ability to gain value when everything else is doing poorly. You see, investors seem to like flocking to gold when things like stocks are tanking. Because it is literally value itself, gold tends to increase in value when most other stocks are on a downward spiral. That’s why all those goddamned ‘cash for cold’ commercials started airing when the down took a plummet in the recession.


Out of almost every metal on the market, cobalt is, without a doubt, one of the most unpredictable. Its value will fluctuate up and down depending on the day of the week, and that’s why so many people are interested in it.

On top of that – cobalt, lithium, and graphite are all predicted to rise in value in 2019 because of our new and intense desire for batteries. Phones, laptops, and even cars already run on these precious metals, and in the coming years, the price is just going to keep going up thanks to our ground-breaking innovations in hardware and production all over the globe.

Some people will buy stocks in cobalt and sell them the next day for a half-decent profit, and I think that’s the way to go. If you’re a real high-roller and you’ve got a little extra cheddar to spend, you should invest in a few cobalt companies and sell as soon as it goes back up, just like it always does.


We all know how the order of value goes – bronze, silver, and gold. It’s a basic tier of value we have created over a long time, but it seems to be missing something; platinum.

You might know it as the most precious metal on the planet, but not much else other than that. Something you probably didn’t know about platinum is that it’s not very economically efficient to mine. Platinum is mostly found in areas that are very difficult to mine – like the desert. In Africa lies 70% of the worlds platinum deposits.

And with the 15% of it in the Russian snow, and another 15% scattered across the globe, platinum has a minimal global availability. That’s why you should invest in a few old platinum mining companies that have been there since England left. They are the ones with the means to collect all of that precious metal.

9 Tips To Be Successful In Your Mining Investment

There is no better way than to make a ton of cash than to make some smart investments in stocks. A lot of people compare investing in the stock market to gambling, but if you’re making smart and educated decisions about where you’re putting your money, then it’s nothing like gambling whatsoever.

While a lot of people are investing in stocks like Apple and Amazon, there is plenty of money to be made by investing in an older industry: mining.

Investing in mining is something that is overlooked in favor of hipper, sexier stocks, but you can make just as much money – if not more – by investing in mining.

You do need to know what you’re doing though! Here are a few tips on how to be successful in your mining investments!

Politically Vulnerable

Keep in mind that mining is a politically vulnerable stock. Because a lot of mining happens all over the world in different countries with different political climates, you can’t be sure that investing in Venezuela will have a high payout.

While some politically vulnerable areas might seem like viable choices because their prices are low or because that area has been known to have a high output of whatever your chosen company is mining, it’s never a good idea to invest in a company whose operations are based in a company that’s dealing with political unrest.

Consider ETFs (Gold and Silver)

Investing in precious metals like gold and silver is a great way to diversify your portfolio and to help you reach your investment goals especially through the investing in ETFs.

Think like an environmentalist

When it comes to choosing the right company to invest in, you need to think like an environmentalist! Do some research into what makes particular regions good for mining gold, silver, oil, what have you! Then invest in companies that have operations in regions with similar characteristics.

It’s also a smart idea to invest in established areas that are already known to produce product.

Don’t believe the hype

When it comes to stock, there can be a certain amount of hype surrounding a company or what a company is mining for. While it’s always smart to keep up on trends, you shouldn’t believe the hype if you have no reason to!

Make sure you do research and consult an expert before investing potentially volatile stocks.

gold stocks > gold bullion

When it comes to reliability, gold bullion is not the stock for you. It’s always a much better idea to invest in gold itself than bullion!

Consider stocks that are already producing

While you might want to get in while the share price is low, it may be a bad idea to invest in stocks that aren’t already producing. It may be more expensive to invest in a stock that’s already on the upswing, but it could be more beneficial in the long run.

Low Debt

While a company may be producing a lot of product on paper, make sure that they don’t have more debt than a newly graduated medical student!

A Beginner’s Guide To Investing In Mining

It’s always a good idea to invest in something, but just what to invest in? Well, that’s up to you, but one of the best industries to invest in right now is mining. Whether it be gold, silver, or any other material, mining is a big business and an opportunity to invest in something profitable. If you’re looking to invest in mining, here are a few tips on what you should look out for and what you need to know to make the wisest decisions.

Know the two types of stocks

In mining, there are two distinct groups of stock, which are major and junior stocks. They’re exactly what they sound like, where majors are companies that are well-capitalized with a long history, often world-spreading operations with a slow and steady cash flow, while juniors tend to have little capitals, a short history, and high aspirations for huge returns in the future.

One thing you should be aware of when it comes to junior mining stocks is that there’s always the possibility of failure. Many junior companies receive this fate, unfortunately, but at the same time there are those that achieve success, and a major becomes interested and pay a premium to absorb the company, leading to decent returns to investors all year-round.

Understand the risks and rewards

Since both types of mining companies are different, they have different risks and rewards you should consider when investing. Major companies, for example, are the sum of all their deposits being staked or mined plus their history, while junior stocks depend on the results of its feasibility studies.

What does this mean?

The contents of any major mining company’s single deposit that is being staked or mined aren’t likely to shake its stock value much, but if a feasibility study is positive for a junior mining company, they see its value shoot up, but if it is negative, then the opposite will happen. In major mining companies, a change in market value for a mineral of a more significant percentage of deposits has a larger effect than a new or failed deposit, and junior mining stocks don’t typically mine a feasible deposit to the end, but instead either sell the deposit, or themselves, to a major and move on to find another. As such, the biggest risks and rewards lie with junior mining companies.

Choose how you invest

With this information, you should be able to choose what type of company you want to invest in. If you’re looking for a company with a lot of potential and don’t mind being patient in seeing returns, junior mining companies are great for their potential to offer a lot in the right market and for their risk capital, while major mining companies are lower-risk and have the potential for dividends with some appreciation. Both stocks, however, follow a business model that is based on using up all the resources they own in the ground. But because they aren’t aware just how much resources they have in a given deposit, the value of a mining stock roughly follows the market value of its reserves, paying a premium to companies with a long history of providing those reserves to the market.

World’s Up-and-Coming Nickel Producers And Explorers Upgrade Reserves

Despite dismal nickel prices as of late, there’s no stopping nickel exploration and development companies on all sides of the globe from pushing forward with their projects.

Australian company Poseidon Nickel has announced that it has upgraded its indicated resources at its Lake Johnston project in Western Australia by 50 percent as a result of a geological review of its Maggie Hays and Emily Ann deposit.

The resources are now estimated at 3.5 million tons with an average 1.49%, or 52,000 tons of nickel.

The report noted that this is welcome news for the company because Lake Johnston is “considered to be a near-term production project” and re-opened just recently. “The upgrade is a key step in the definition of the likely project life by increasing confidence in the shape, grade and position of the mineralisation to be mined.”

Poseidon is planning to make the Lake Johnston its second production project this year if ore sales targets are met at the Winadarra project. The project is reported to cost only A$8.3 million.

The report added that Poseidon aims to move Lake Johnston, Windarra and Black Swan into production as it will allow it to run the second largest sulphide nickel operations in Au

Lake Johnson possesses “excellent advanced exploration targets from the Maggie Hays mine”, according to company literature. The project’s tenure is supported by 10 exploration licences, two general purpose licences, four miscellaneous licences, 11 mining leases and one prospecting licence. The company also holds an underlying tenure for the project that is equivalent to a vacant crown land.

The Lake Johnston assets also encompass a modern 1.5 million tons per annum treatment plant and large ground position, with numerous life extension exploration targets.

Robin Young
Robin Young

Elsewhere, in August of last year, Amur Minerals Corporation (OTC:AMMCF), another mineral resource and development company based out of Russia reported to having upgraded its reserves by as much as 25 per cent. That increase means that the company’s Kun-Manie project now ranks as one of the top 20 sulphide projects in the world.

Amur announced that month that it had upgraded ore reserves in the project site from 31.5 million tons to 39.2 million tons of ore containing 219,000 tons of nickel and 58,100 tonnes of copper which represent a rise of 28 percent and 22.3 percent respectively.

“Having nearly a three quarter of a billion dollar EBITDA at today’s metal prices is highly encouraging and supports the board’s belief that Kun-Manie will ultimately become one of the largest nickel sulphide projects in the world”, said chief executive Robin Young.

The company forecasts that the upgrade would allow it to earn some US$726 million based on a nickel price of US$8.50 per pound, and a little over US$1billion if nickel prices reach US$9.50 per pound.

Noting data from Citi Research, Platts reported that nickel prices should rebound by the second half of 2015 as nickel pig iron production level, rising demand from the European stainless steel market, and dwindling nickel ore sources.

Appointment of Non-Executive Director

African Gold PLC announces that Guy S. Young has been appointed as a Non-Executive Director of the company as of 07 December 2004.

Guy Young was an Executive Director of Minorco S.A. between 1995 and 2000. Prior to this he worked at Anglo American Corporation for three decades in a series of roles, finally as Executive Chairman of Anglo American South America Ltd. He has had experience of mining exploration and production across the major mining continents and is a well known figure throughout the industry.

Oliver Baring, Chairman of African Gold, commented on the news: “We are very pleased to welcome Guy Young to the Board of African Gold. He has vast expertise in the mining business and will be of great assistance with our plans to build a leading focused African natural resources business. Guy will have a central role in the continuing broadening of our investor base and development of our management team. He is a great asset to have on the Board.”

2nd December 2004 – Updated Drilling Results from Konongo / Owere and completion of acquisition of 70% equity holding in project

African Gold is pleased to announce further positive drilling results from the Konongo / Owere gold project in Ghana. Economic gold grades have now been obtained in all twenty one drill holes analysed to date.

The latest seven results are shown in the table below. Fourteen drill hole results have previously been reported from Konongo and assays from a further seventeen holes are awaited.

Hole NumberFrom(m)To (m)(m)Au (g/t)

African Gold recently made the final payment of $1 million to the vendors of the Konongo mining lease and now holds 70% of the total equity with Talos, a local Ghanaian company holding 20% and the Ghanaian government holding 10%. Ministerial approval from the Government of Ghana for the necessary transfer of the Mining leases has also now been granted.

Oliver Baring, co-chairman of African Gold, commented “The continuing strong drilling results from Konongo are very encouraging. This news puts us on track to proving up more than 1 million ounces of gold from our operations in Ghana in 2005”.

17th November 2004 – Holding in Company

The Company was notified on 15th November 2004 by Merrill Lynch Investment Managers Group Limited that it holds 22,000,000 Ordinary Shares in the Company (representing 7.7 per cent. of the total issued share capital of the Company), all of which shares are held on behalf of certain discretionary clients through nominees names

Highland Gold Awarded Licence for Taseevskoye Deposit

Highland Gold is pleased to announce that on 30 November 2004 it was awarded the licence for the Taseevskoye Deposit by the Russian Ministry of Natural Resources. This award follows the public auction held on 23 September 2004, where Highland Gold acquired the rights for 100% of the Taseevskoye Deposit with a bid of 742.35 million roubles (US$26.5) million. The licence provides Highland Gold with the rights to develop and mine the deposit for an initial term of 20 years.

2005 Plans

Highland Gold’s immediate plans for Taseevskoye include re-estimating the resources and financial parameters in accordance with current standards and economic conditions. Highland Gold has engaged Snowden Associates of Perth, a company specialising in ore reserve definition, to complete the resource re-estimation. On completion of this work, which is expected during the first half of 2005, Highland Gold plans to engage a new mining consultant to assist the company in defining the appropriate scope and size of the project that will be the subject of a new, detailed feasibility study.

As announced on 23 September, the resources currently approved by The State Committee for Resources are 1.7 million ounces of gold (C1 and C2). Following completion of the study by Snowden Associates, a revised resource statement will be submitted for approval by The State Committee for Resources.

Barrick Participation

In January 2004, Highland Gold and Barrick Gold exchanged reciprocal participation rights on certain new acquisitions, which includes Highland Gold’s acquisition of the Taseevskoye licence. Barrick has expressed its intention to exercise its 50% right to the Taseevskoye deposit.

Taseevskoye Overview

The Taseevskoye gold deposit is located two kilometres south of the town of Baley (Population: 15,000) in the Chita region, Eastern Siberia. It lies 56 kilometres south by paved road from the Trans Siberian Railway station at Priiskovaya. Chita, the regional capital, is located 285 kilometres to the west of Baley.

The deposit was discovered in 1941 and during the period 1948 to 1994 the Taseevskoye mine produced 6.4 million ounces of gold from 16.3 million tonnes of ore at an average grade of 12.2 g/t Au. This was produced from a swarm of epithermal gold bearing quartz fissure veins located within a circular area 1000m in diameter. The predominantly underground mining operation concentrated on three principal vein systems, leaving un-mined a large lower grade mineralized envelope contained within an argillic alteration halo surrounding the fissure veins. Highland Gold’s acquisition of Taseevskoye is rooted in the potential for open pit mining of this large lower grade resource, which was also the subject of a 1997 bankable feasibility study commissioned by the former licence holders.

Historical Production from the Taseevskoye Deposit

(k ozs)
1948 – 1992Underground14,37213.6195.06,270
1984 – 1994Open pit1,9181.83.4109
Total 16,29012.2198.46,379

Historic Bankable Feasibility Study

Between 1995 and 1997, Kvaerner Metals was commissioned to deliver a bankable feasibility study on the Taseevskoye project. The scope of this study covered Geology/Ore Reserves, Geotechnical/Hydrology, Survey Control, Mine Design, Metallurgical Testwork, Environmental, Mine Waste Management, Process Design, Engineering, Cost Estimates and Scheduling. The mine process facilities and infrastructure were to be developed for a process plant with a throughput rate of 1.75 million tonnes per year over 16 years, while mine production was optimised at 2.5 million tonnes per year with selective stockpiling of mine production for treatment of higher grade ore in the initial 10 years and lower grade ore to be treated in the last 6 years. The study was completed in October 1997 and is summarised briefly below.

1997 JORC Resource Estimates

In addition to The State Committee for Resources’ estimates, as shown above, Snowden Associates prepared an historic geological resource study for the Taseevskoye deposit in June 1997. The resource classifications assigned were based on underground channel sampling on drifts, cross cuts and “orts” on the levels at a maximum spacing of 40 m and more frequently 20 m or less. Drill hole spacing, both underground and surface, was basically 40 to 50 m on section and from 40 to 80 m down dip. The database contains assay results from approximately 23,000 underground channel samples, 1,113 (643 from Surface; 470 from Underground) historical Russian holes and a further 82 holes drilled in 1996-97.

1997 JORC Resource estimates

 0.3 g/t Cutoff1.0 g/t Cutoff2.0 g/t Cutoff
Sub total118.61.485.6541.83.174.2621.04.983.36

1997 JORC Reserve

An historical pit optimization analysis by Snowden defined an optimum shell with dimensions of 1,100 metres by 1,200 metres with a maximum depth of 260 metres containing 232 million tonnes of ore and waste.

Using a cutoff grade of 0.88 g/t Au and a gold price of US$380 per ounce, diluted, recoverable, proven and probable reserves totalled 28.2 million tonnes of ore at an average grade of 3.23 g/t Au and containing 2.9 million ounces of gold. The stripping ratio to recover these reserves is 7.25 t of waste per tonne of ore. Within this pit design is 3.6 million tonnes of Inferred Resource grading 3.66 g/t Au that has been treated as waste.

1997 Process

The grinding circuit was to consist of a jaw crusher, a semi-autogenous grinding (SAG) mill and a ball mill operating in closed circuit with cyclones. After grinding 80% of the ore coming in, 53 microns, the slurried ore was to flow by gravity to the flotation circuit where a gold rich sulphide concentrate containing about 85% of the gold values would be produced and thickened before being pumped to a pressure oxidation circuit. The oxidized sulphides would then be leached in a carbon-in-leach (CIL) circuit to recover about 97% of the gold contained in the concentrate, thus 82% of the total contained gold was to be recovered in the concentrate circuit.

Flotation tailings were to be thickened and leached with cyanide in a second CIL circuit to recover an additional 5% of the gold. Loaded, activated carbon from both CIL circuits was to be treated separately by elution in a single carbon stripping vessel, followed by electrowinning to recover the gold in a sludge which was then to be refined in a furnace to produce doré bullion. Tailings from both CIL circuits after cyanide destruction and the neutralized solution from pressure oxidation were to be pumped to the tailing impoundment area in a natural valley, located about 4 kilometres from the plant.

Overall recovery of gold in the first 10 years was to be about 87% of the values contained in mill feed reducing to 82% in the last six years.

1997 Estimated Capital and Operating Costs

Total capital costs of the project were estimated to be US$170 million as of the third quarter of 1997. Total estimated operating costs for the first 10 years of the project were to average US$20.94/t of ore milled. For the last 6 years of the project, total operating costs were expected to reduce to an average of $9.84/t milled.

Commenting on today’s announcement Ivan Koulakov, Managing Director, said:

“Given that Taseevskoye is a very well known and well developed deposit that was subjected to a full Bankable Feasibility Study in 1997, we view it as an acquisition that is complementary to our existing assets and that fits firmly within our core strategy.

“Taseevskoye will create new economic opportunities for the people of the Chita region and will create value for Highland Gold shareholders as our company continues its impressive record of growth in Russia and takes yet another step closer to an annual production goal of 1 million ounces of gold.”