FACTS about Montage:Kon PEA Delivers Strong Economics with Simplicity and Scale_
-3.37Moz in-pit Mineral Resource
-15-years production at >200,000 oz/year
-Low strip ratio, soft rock and scale are key drivers District Potential to be Tested § KGP includes 1,442km2 of ground; mostly unexplored
-Over 100km of mineral trends within trucking distance
-Petit Yao Central showing potential as first satellite pit Rapidly Advancing
-infill drilling complete: Resource growth by 2x, upgraded and expanded
-4.27Moz Indicated Mineral Resource; 0.32Moz Inferred Mineral Resource
-Feasibility Study on track for completion in January 2022
-LOW-COST OPERATION $835/oz All-in-Sustaining Cost First 3 years
Feasibility Study Optimizations:
EXCLUDE NORTH PIT
Avoids road diversion and reduces forest reserve impact
Immaterial to production
Simplifies permitting
BACKFILL SOUTH PIT WITH TAILINGS
Eliminates second TSF
Significant reduction in sustaining capex and project footprint