AXMIN Inc V.AXM.H

Alternate Symbol(s): AXMIF

Metals & Mining Gold

AXMIN Inc. is a Canadian exploration and development company with a focus on Central and West Africa. The Company, through its wholly owned subsidiaries, has exploration projects in the Central African Republic (CAR) and Senegal. The Company’s primary asset is the Passendro Gold Project situated in the CAR. It holds a 100% interest in the Bambari properties, which consists of a mining license (355 square kilometers) and two exploration licenses, Bambari 1 and 2 (1,240 square kilometers). The Passendro Gold Project is situated in the center of the mining license, which is ring-fenced by the two Bambari exploration licenses. The Company, through its joint venture partner and manager, Sabodala Mining Company SARL (SMC) owns approximately 20% interest in Sounkounkou, Heremokono and Sabodala NW exploration licenses (the Project) located in the Birimian belt of eastern Senegal. The Company's subsidiaries include AXMIN Limited (BVI), Aurafrique SARL (CAR), SOMIO Toungou SA (CAR), and others.

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AXMIN Inc > Passendro NPV for the potential, besides the Senegal targets

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Post by Dragoonon Dec 18, 2020 4:44am

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Passendro NPV for the potential, besides the Senegal targets

Page 109 of the NI43-101 resources report: At a gold price of US$ 1,100 per ounce the NPV, IRR and payback period may be expressed as follows:- NPV at 0% discount rate is US$ 493 million NPV at 5% discount rate is US$ 340 million NPV at 10% discount rate is US$ 231 million. IRR 32.1 % Payback period 2.2 Years

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