REVIVAL GOLD's PEA is HERE! WELL DONE! (“ Revival Gold” or the “Company”), a growthfocused gold exploration and development company, is pleased to announce positive results from a Preliminary Economic Assessment (“PEA”) on the Company’s Beartrack-Arnett (“Beartrack-Arnett”) phase one heap leach gold project located in Idaho, USA.
Beartrack-Arnett Phase One Heap Leach Gold Project - PEA Highlights*
- Production of 72,000 ounces of gold per year for a total of 506,000 ounces of gold over an initial
seven-year mine life; - Pre-production capital of $100 million and life-of-mine (“LOM”) sustaining capital of $61 million;
- Total cash cost of $809 per ounce and all in sustaining cost of $1,057 per ounce of gold;
- After-tax NPV at a 5% discount rate (“NPV5%”) of $88 million and after-tax IRR
of 25% at $1,550 per ounce gold increasing to a $211 million NPV5% and 49% IRR at $1,950 per
ounce gold; - After-tax payback period of 3.0 years;
- Lower technical and execution risk of a brownfields project with existing infrastructure and recent history as the largest past-producing gold mine in Idaho; and,
- Excellent additional exploration potential as demonstrated by this season’s drill results and with over 10km of favorable geological structure to explore.
* All amounts shown are in United States dollars and metric units of measurement unless otherwise stated.