Oromin Explorations Ltd OLEPF

Heap Leach PEA has been issued

[eebler]

I can't find a link to it anywhere, but highlights from copy/paste version I just received are:

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

[eebler]

That 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 depositsincreased by 55% from September of last year to a total of 475,500 ounces; fifthdeposit update pending• Life of heap leach operation estimated at nine years at a targeted processing rateof 2.0