PEA presentation

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South West Deposit PEA Highlights

  • After Tax Net Present Value at a 5% discount rate (“NPV5%”) of C$236 million and after-tax Internal Rate of Return (“IRR”) of 30% at US$1,500/oz gold and exchange rate of US$0.77/C$
  • C$371 million after tax cash flow over the life of mine
  • 75,700 ounces annual production during full production for 719,000 ounces total gold production
  • Peak gold production of 85,700 ounces per annum
  • Cash cost of US$590 per ounce and all in sustaining cost of US$747 per ounce gold
  • Highly leveraged to the gold price with after tax NPV5% of C$423 million and 47% IRR at US$1,900 per ounce gold
  • Initial capital of C$144 million, and sustaining capital of C$136 million
  • After-tax discounted pay-back of 3.4 years, with an 11 year mine life
  • Attractive alternative Toll Milling development option with after-tax NPV5% of C$197 million and IRR of 44% at US$1,500 gold with initial capital costs of C$65 million
  • Potential to expand production from additional deposits located on the Golden Highway Project