The Scoping Study outlines a base case for a 1.25 Mtpa mining operation capable of producing over 350Koz over an initial 7-year mine life with an attractive payback period of less than two and half years. Positive financial metrics IRR of 28% and NPV A$77M with a Net Cashflow A$136M using a gold price of $2,000 Australian dollars.
Scoping Study has shown a pathway to development and highlighted further gains from current work programs including:
Australian gold price has increased significantly since study.
Figure 1 : NPV Sensitivity Analysis
Figure 2 - Project layout showing the location of infrastructure and Resource categories
To view the full Scoping Study, see ASX announcement 1 November 2019.