After-tax NPV5% of US$123 million and after-tax IRR of 27.4% using a base case gold price of $1,500 per ounce.
US$293 million before interest, taxes, and depreciation.
All-in sustaining cost2 of US$755 per ounce of gold and cash cost3 of US$699 per ounce of gold.
Total estimated capital costs of US$94.8 million and pre-production capital costs of US$87.1 million (including an 11% contingency).
Indicated Mineral Resource at a 0.3 g/t gold cut-off grade of 20.5 Mt at 0.87 g/t gold, for contained gold of 573,000 ounces and an Inferred Mineral Resource at a 0.3 g/t cut-off of 0.38 Mt at 0.8 g/t gold for 10,000 ounces4.
Probable Mineral Reserve at a 0.5 g/t gold cut-off grade of 11.8 Mt at 1.22 g/t gold for 464,000 ounces.
Open pit with 0.5 g/t gold cut-off grade, low strip ratio of 2.2 and 1.22 g/t life of mine gold grade.
Returns 79.3% gold recovery to doré at the operating processing plant.
On-site flotation producing gold-bearing pyrite concentrate assaying from 15 to 40 g/t and transportation to the processing plant (located 85 km from the Project) for processing to produce doré.
Small project footprint with benign, non-acid generating and non-hazardous waste and tailings material.