RE: Heap Leach PEA has been issuedThat was interesting...trying again:
Heap Leach PEA Highlights
• Production from five open pit deposits via a heap leach process
• Measured and indicated mineral resources for the four heap leach deposits
increased by 55% from September of last year to a total of 475,500 ounces; fifth
deposit update pending
• Life of heap leach operation estimated at nine years at a targeted processing rate
of 2.0 million tonnes per annum with an average head grade of 0.69 g/t and an
average 74% blended oxide/fresh ore recovery
• First three full years of heap leach operations average 36,000 ounces of gold
production annually at an average cash cost of $566/oz
• Using a gold price of $1,200 per ounce, pre-tax NPV for the heap leach operation
is estimated at $60 million (at a 3% discount rate) generating an IRR of 27.8%
and 2.4 year pay back
• Using a current gold price of $1,500/oz, pre-tax NPV for the heap leach
operation is estimated at $111 million (at a 3% discount rate) generating an IRR
of 43.7% and 1.6 year pay back