Soto Norte NI 43-101 – Feasibility Study (2022)Aris Gold (the new Minesa operator) had published a 2022 Feasability Study for the Minesa project.
Many, many details are there on more than 400 pages. Also a concept for dealing with illegal mining and enviro damages from it are contained. Basically this concept is a copy from our old Greystar/ Eo Oro concept to deal with this problem.
The economic core of the study says for the Minesa project:
The 14-year life of mine plan and economic analysis are based on a Probable Mineral Reserve estimate of 24.8 Mt at 6.22 g/t Au, 34.4 g/t Ag, and 0.19% Cu, producing on average 450 koz of payable gold per annum over the steady state production years. Life of mine capital expenditures are estimated at USD1,014m. Undiscounted payback is achieved 3.9 years after the start of processing. At a base 5% discount rate, the post-tax NPV of the project is USD1,486m with an internal rate of return of 20.8%.
*
This economic analysis refers of course only for the Minesa project in its present boarders.
Extentions of these Minesa boarders are recommended by the study. This can only mean extention to our reserves and resources which we had explored. See last technical Eco Oro report about reserves & resources. In my view only a joined project with Minesa resources
plus the Eco Oro resources would make this project an economical juicy and social sustainable project. Would probably more than double the Life of Mine to ~30 years or more !
--------------------------
* source @:
https://s28.q4cdn.com/389315916/files/doc_downloads/2022/03/Aris-Gold-Soto-Norte-Feasibility-Study-Technical-Report-2022.pdf