Post by
Ricoloco on May 29, 2024 9:05am
Great Q&A on the Soto Norte Project conference call
I listened to the CC on Soto Norte Project, as I suspected the smaller plant doesn't mimic a one to one reduction on a percentage basis. Of course we need to see the PFS in 2025 to confirm the commentary in the Q&A. Key points I picked out from it were:
1) Head grade in early mine life increasing to 9 grams from average 6 grams Au
2) 250,000 oz. Au annually early mine life later averaging 200,000 oz Au
3) Infastructure open to expansion in subsequent years
4) 160 of the 600 artisanal miners have already started the formalization process in the area
5) The disapproval rating of the project in the area has dropped from 60% to 10%
6) A reduction in cost to Aris Mining's cost for the additional 30% for $300 million to $90 million for an additional 31%
7) With the completion of the deal Aris Mining's resource increases to Measured/indicated 20.1 million oz Au and 9.1 million oz Au inferred
Something that should be noted that wasn't discussed is that Soto Norte ivomprises only 10% of the concession titles, leaving huge upside potential in a prolific geological trend.
Aris Mining "dirt cheap".