Republic Gold Limited Stock Market Press Releases and Company Profile
Republic Gold Limited (ASX:RAU) Amayapampa Gold Project Local Infrastructure Update
Republic Gold Limited (ASX:RAU) Amayapampa Gold Project Local Infrastructure Update

Brisbane, May 7, 2010 AEST (ABN Newswire) - Republic Gold Limited (googlechartASX:RAU) is pleased to advise that the Company has received news from the Ministry of Mining and Metallurgy that the realignment and bituminising of the main road leading to the Amayapampa Gold Project ("Amayapampa" or the "Project") located in Bolivia will be completed in June 2010.

The main road between the major tin mining centres of Huanuni and Llallagua for a distance of 100 kilometres has been undergoing a major realignment over the past 12 months. This realignment work, which provides for two lanes, is almost finished and bituminising of this section has commenced.

Republic Gold Managing Director John Kelly said that the improvements to road infrastructure represent a substantial boost for the Project for transportation to and from the site, particularly in the construction stage where numerous loads of large equipment will be trucked to the Project.

The cost of bituminising this 100-kilometre section of dual road is only US$304,000 highlighting the very low cost operating environment in Bolivia. The initial sections of bitumen have recently been opened to traffic.

The local Chayanta Council is also in the process of upgrading and reputedly bituminising and widening the road from Uncia to Chayanta. Upon completion, there will be a good quality bitumen road to within 10 kilometres of the mine.

In addition to the improved road servicing the Project, Amayapampa's power requirements are expected to be sourced from an under-utilised 66KV electricity sub-station in Llallagua requiring only 27 kilometres of powerline to be run for the Project.

Mr Kelly said that the completion of the road will add to the impressive local infrastructure advantages on offer for the Project.

"We have appropriate transport infrastructure to accommodate the construction phase and expect to have access to the power we require at extremely competitive rates. Added to this is that the majority of the workforce lives in the communities adjacent to the Project meaning that there is no need to construct and operate a large and expensive camp."

"With the recent proposal to introduce the new 40% Resource Rent Tax in Australia, the Federal taxation environment for mining companies operating in Bolivia is now very competitive with Australia," Mr Kelly added.

For the complete Republic Gold announcement including figures, please view the following link:

http://www.abnnewswire.net/media/en/docs/62817-ASX-RAU-336054.pdf

Contact

John Kelly
Managing Director
Republic Gold Limited
Tel: +61-7-4092-2594
Mob: +61-418-577-759



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