FAQ
Where is Extorre listed?
Extorre is list on the Toronto Stock Exchange (TSX) and NYSE-AMEX.
What is the ticker symbol?
Extorre's ticker symbols are:
- • TSX Symbol: XG
- • NYSE-AMEX: XG
What is the CUSIP number?
Extorre's CUSIP number is 30227B109. The acronym CUSIP typically refers to both the Committee on Uniform Security Identification Procedures and the 9-character alphanumeric security identifiers that they distribute for all North American securities for the purposes of facilitating clearing and settlement of trades.
When is your fiscal year end?
Extorre's fiscal year end is December 31st.
Who is Extorre's independent auditor?
PricewaterhouseCoopers LLP
Suite 700 - 250 Howe Street
Vancouver BC V6C 3S7
Tel (604) 806-7000
Who is Extorre's transfer agent?
Computershare
510 Burrard Street, Suite 408M
Vancouver BC V6C 3B9
Tel 604-661-9400
How do I access Extorre's regulatory filings?
You can view Extorre's regulatory filings on SEDAR (www.sedar.com) and on EDGAR (www.sec.gov/edgar.shtml).
How can I obtain an Annual Report?
You can view the document on SEDAR, or on Extorre's website. Alternatively, if you want to receive a hard copy of the Annual Report by mail, please call us. However, as the Extorre spin out just took place, you will need to refer to Exeter Resource Corporation filings for past financial information.
Where can I find more comprehensive information about Extorre, its businesses and financials?
All the financial statements are posted on the company website www.extorre.com
Can you give me a brief history of the company?
On March 11, 2010 at a special meeting, Exeter shareholders approved the proposal to undertake a spin-out transaction pursuant to which the assets of Exeter would be separated into two highly focused companies. As a result, Exeter transferred to Extorre the Cerro Morro and Don Sixto projects and all other exploration properties in Argentina, together with approximately $25 million. Exeter retained all assets relating to the Caspiche gold-copper discovery in Chile, together with approximately $50 million in working capital, and become a Maricunga district, Chile, focused exploration company.
How much gold does the company have in the ground?
Extorre is a mineral exploration company that periodically reports its gold and silver resources by way of independent calculations prepared by experts in the field. Such calculations are generally in the form of a National Instrument 43-101 (“NI 43-101”) report that meets Canadian reporting standards but not those of the United States Securities and Exchange Commission (SEC) Industry Guide 7.
Extorre has report Gold Resources for Cerro Moro and Don Sixto projects.
Although mineralization is indicated at other Extorre properties, none has a reportable resource at this stage.
Indicated Mineral Resource for Escondida utilising a 1.0 g/t gold equivalent cut-off.
| Zone | Metric tons | Gold (g/t) | Silver (g/t) | Gold Equivalent Grade* (g/t) |
Gold (ounces) | Silver (ounces) | Gold Equivalent Ounces* |
|---|---|---|---|---|---|---|---|
| Escondida | 590,000 | 18.9 | 805 | 32.3 | 357,000 | 15,272,000 | 612,000 |
Inferred Mineral Resources utilizing a 1.0 g/t gold equivalent cut-off
| Zone | Metric tons | Gold (g/t) | Silver (g/t) | Gold Equivalent Grade* (g/t) | Gold (ounces) | Silver (ounces) | Gold Equivalent Ounces* |
|---|---|---|---|---|---|---|---|
| Escondida | 432,000 | 3.7 | 155 | 6.3 | 52,000 | 2,158,000 | 88,000 |
| Loma Escondida | 68,000 | 10.2 | 504 | 18.6 | 22,000 | 1,098,000 | 41,000 |
| Gabriela | 521,000 | 2.4 | 347 | 8.1 | 40,000 | 5,802,000 | 136,000 |
| Esperanza | 371,000 | 2.6 | 175 | 5.5 | 31,000 | 2,090,000 | 65,000 |
| Deborah | 579,000 | 2.4 | 48 | 3.2 | 45,000 | 896,000 | 60,000 |
| Total | 1,971,000 | 3.0 | 190 | 6.1 | 190,000 | 12,044,000 | 390,000 |
* Gold equivalent grade is calculated by dividing the silver assay result by 60, adding it to the gold value and assuming 100% metallurgical recovery.
** Gold equivalent ounces are calculated by dividing the silver ounces by 60, then adding those ounces to the gold-only ounces.
Under Canadian reporting standards the gold deposits at the Don Sixto Project are as follows:
| Source | Material | Category | Cut-off | Au | ||
|---|---|---|---|---|---|---|
| Au (g/t) | Mt | g/t | Koz Au | |||
| Open Pit + Underground |
Oxide + Sulphide |
Measured | 0.5 | 8.15 | 1.52 | 400 |
| Indicated | 0.5 | 12.33 | 1.32 | 525 | ||
| Measured & Indicated |
0.5 | 20.48 | 1.40 | 925 | ||
| Inferred | 0.5 | 9.29 | 1.12 | 334 | ||
Table 2: Don Sixto Gold Resource Estimates at a 1.0 g/t gold cut-off
| Source | Material | Category | Cut-off | Au | ||
|---|---|---|---|---|---|---|
| Au (g/t) | Mt | g/t | Koz Au | |||
| Open Pit + Underground |
Oxide + Sulphide |
Measured | 1.0 | 3.90 | 2.41 | 302 |
| Indicated | 1.0 | 5.44 | 2.11 | 368 | ||
| Measured & Indicated |
1.0 | 9.34 | 2.23 | 670 | ||
| Inferred | 1.0 | 3.14 | 1.98 | 200 | ||
"Mt" represents million tonnes, and "koz" represents thousand ounces.
Canadian and United States standards are substantially different, and our Caspiche property has no probable or proven reserves under either Canadian or United States standards. The gold resources at Don Sixto are defined using the terms ""inferred" in reference to "resources." We advise investors that while these terms are recognized and required by Canadian regulations, the SEC does not recognize them. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. In accordance with Canadian rules, estimates of inferred mineral resources cannot form the basis of feasibility or other economic studies. Investors are cautioned not to assume that any part or all of the inferred mineral resource exists or is economically or legally mineable. In the United States, an issuer is not generally permitted to disclose mineralization unless such mineralization satisfies the definitional requirements of proven or probable mineral reserve in accordance with SEC Industry Guide 7, which defines mineral reserve as a part of a mineral deposit, which could be economically and legally extracted or produced at the time the reserve determination is made. Accordingly, information contained in the Caspiche resource statement containing descriptions of our mineral deposits in accordance with NI 43-101 may not be comparable to similar information made public by other U.S. companies under the United States federal securities laws and the rules and regulations there under.
The ability to mine the Don Sixto gold-silver deposit will depend on a number of factors including: metal prices, availability of capital, technical considerations, environmental permits, taxation and royalties, and legislative restrictions on mining. At present Mendoza Province has a legislative ban on the use of cyanide in mining. Until the many issues are investigated and addressed there is no assurance that the Don Sixto resource can be developed.
Where are your operations located?
Extorre operates in Argentina. The head office is in Vancouver, Canada.
Given that the company has no mining operations at this stage, how is it financed?
Periodically Extorre will raise funds by way of share placements facilitated through established brokerage firms. The pricing of such placements is negotiated between the company and the brokerage firm or, on occasion an institutional investor. The last such financing was on September 2010.
Can I buy shares directly from the company?
Shares cannot normally be purchased directly from the Company. Investors can buy shares through a recognized stock exchange.
Who owns the company?
Institutional and corporate owns approximately 60% of the issued shares, Management and directors 15%, Individuals 25%.
Cautionary Note to investors concerning estimates of Measured, Indicated and Inferred Mineral Resources: We report mineralized material under standards to meet the requirements for reporting in Canada. U.S. reporting requirements for disclosure of mineral properties are governed by the United States Securities and Exchange Commission (SEC) Industry Guide 7.Canadian reporting requirements for disclosure of mineral properties are governed by National Instrument 43-101, commonly referred to as NI 43-101. Canadian and United States standards are substantially different, and none of our property has any probable or proven reserves under either Canadian or United States standards. This release uses the terms "measured," "indicated" and "inferred" in reference to "resources." We advise investors that while these terms are recognized and required by Canadian regulations, the SEC does not recognize them. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. In accordance with Canadian rules, estimates of inferred mineral resources cannot form the basis of feasibility or other economic studies. Investors are cautioned not to assume that any part or all of the inferred mineral resource exists or is economically or legally mineable. In the United States, an issuer is not generally permitted to disclose mineralization unless such mineralization satisfies the definitional requirements of proven or probable mineral reserve in accordance with SEC Industry Guide 7, which defines mineral reserve as a part of a mineral deposit, which could be economically and legally extracted or produced at the time the reserve determination is made. Accordingly, information contained in this release containing descriptions of our mineral deposits in accordance with NI 43-101 may not be comparable to similar information made public by other U.S. companies under the United States federal securities laws and the rules and regulations there under.