Mining · Isla de la Juventud

La Demajagua Gold-Silver Project (Delita)

Gold-silver-antimony project (undeveloped)

🟡 Joint ventureℹ️ Atlas — info only

Scale

9.55 Mt @ 2.5 g/t Au, 26.6 g/t Ag, 0.33% Sb — 771,000 oz gold, 8.16 Moz silver (JORC, 7 Jul 2023)

Status

Undeveloped greenfield project after small-scale and artisanal mining 1947-1989. Open-pit plan of ~815,000 t/yr ore for ~50,000 oz gold/yr plus ~3,000 t/yr antimony cathodes; US$100M development cost, DFS targeted Q3 2027, construction Q4 2027. Arsenopyrite-concentrate offtake is the hard problem under sanctions exposure.

Sector

Mining

Province

Isla de la Juventud

Coordinates

21.755, -83.000

Layer

Layer 2 · Atlas

Notes

JV of Antilles Gold Ltd (Australia) with Gold Caribbean Mining S.A., a GeoMinera subsidiary; the company states a 50/50 structure, earlier reporting described 49/51. 'Delita' is the deposit, 'La Demajagua' the project. 35 km from Nueva Gerona port. Coordinates district-level (±10 km).

Sources: Antilles Gold (ASX, 7 Jul 2023) · USGS MRDS

Information only — no U.S. participation today. Register a non-binding indication for the pipeline (for non-U.S. capital or a post-sanctions world).

Not legal, tax or investment advice, and not authorization for any transaction. U.S. sanctions (31 CFR Part 515) prohibit investment or equity in any Cuban business; nothing here is a determination that a transaction is lawful. Structure anything Cuba-facing only with qualified OFAC sanctions counsel and screen every party with QvaPay Sentinel.

Primary sources: OFAC Cuba Sanctions · 31 CFR Part 515 (CACR) · OFAC Cuba FAQs · Cuba Restricted List