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BonTerra Resources Inc V.BTR

Alternate Symbol(s):  BONXF

Bonterra Resources Inc. is a Canada-based gold exploration company with a portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company is engaged in the business of acquiring, exploring, and evaluating natural resource properties in the province of Quebec. The Company’s assets include Gladiator, Barry, Moroy, and Bachelor. The Company holds a 100% interest in 436 mineral claims covering 22,779.32 hectares surrounding the town of Desmaraisville. The Bachelor Mine is located on one mining concession, and one mining lease, four kilometers (km) south of Highway 113 and 90 km northeast of the city of Lebel-sur-Quevillon. The Company holds a 100% interest in 21 mineral claims in the city of Val-d’Or in Quebec covering 457.53 hectares. The Company holds a 90% interest in two mining leases north of the town of Skead within the city of Greater Sudbury in Ontario. The two mining leases cover an area of approximately 129.99 hectares.


TSXV:BTR - Post by User

Post by iluv2buyemon Jun 17, 2022 9:16am
103 Views
Post# 34763950

Numbers dont lie

Numbers dont lie

The average operating cost is estimated at $81.27/tonne.

Barry Open Pit Operating Cost Summary

Operating Cost Description Unit Cost
Mining $/t milled $33.87
Processing $/t milled $19.07
G&A $/t milled $12.33
Trucking to Mill $/t milled $16.00
Total $/t milled $81.27
Cash Cost C$/oz $1,252
AISC C$/oz $1,420
Cash Cost US$/oz $939
AISC US$/oz $1,065

 

Capital and Operating Costs

The initial capital cost for the Barry open pit project is estimated to be $22.1 million, which includes a contingency of $1.7 million. Infrastructure costs represent $11.1 million of the initial capital cost and includes: $4.5 million for haulage road enhancement; $2.6 million for surface garages, $1.9 million for an emulsion plant and $2.1 million for other surface utilities. Mill and TMA upgrades are $3.5 million and $2.4 million, respectively. The $3.4 million remaining is composed of surface equipment and tools, owners, and indirect costs.

The sustaining capital cost is estimated at $27.8 million and includes site closure cost that total
$6.5 million. TMA construction costs of $18.1 million will provide additional storage capacity of 2.9 Mt and will establish the foundation for future expansion at lower cost. Indirect cost represents $2.7 million of the other $3.2 million of sustaining capital.

The total capital cost for the project is estimated at $49.9 million as summarized in the table below.

Barry Open Pit Capital Cost Summary

Capital Cost Description Initial $M Sustaining $M Total $M
Tailings Management Area 2.4 18.1 20.5
Surface Equipment & Tools 0.7 0.1 0.9
Infrastructures 11.1 0.3 11.5
Indirects Costs 1.7 2.7 4.4
Mill Upgrades 3.5 0.0 3.5
Owners 0.9 0.0 0.9
Contingency 1.7 0.0 1.7
Sub-total 22.1 21.3 43.4
Site Closure Costs 0.0 6.5 6.5
Total 22.1 27.8 49.9

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