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SolGold PLC announces positive PEA study results

Mining News - Published on Wed, 22 May 2019

Image Source: solgold.com.au
SolGold Pic announced the release of its Preliminary Economic Assessment for the Alpala Copper-Gold-Silver Deposit, Cascabel Project Northern Ecuador. SolGold holds an 85% registered and beneficial interest in ENSA which holds 100% of the Cascabel Project.

Key aspects and findings from this study are summarised below.

HIGHLIGHTS

• Net Present Value ("NPV") estimates range from USD 4.1 Bn to USD 4.5Bn (Real, post-tax, @ 8% discount rate, USD 3.3/lb copper price, USD 1,300/oz gold price and USD 16/oz silver price) depending on production rate scenario.

• Internal Rate of Return (“IRR") estimates range from 24.8% to 26.5% (Real, post-tax, USD 3.3/lb copper price, USD 1,300/oz gold price and USD 16/oz silver price) depending on production rate scenario.

• Pre-production Capex estimated at approx. USD 2.4B to US $2.8B, and total Capex including life of mine sustaining Capex of USD 10.1 B to USD 10.5B depending on production rate scenario.

Payback Period on initial start-up capital - Range from 3.5 to 3.8 years after commencement of production depending on production rate scenario

Preferred Mining Method - Underground low-cost mass mining using Block Cave methods applied over several caves designed on two vertically extensive Lifts.

Four mine production cases have been pre-selected and assessed as part of the PEA:

Source :

Posted By : Rabi Wangkhem on Wed, 22 May 2019
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