Fountain Head Gold Project Development Overview
Hayes Creek Zinc-Gold-Silver Development
To Be Mined Subsequent To Fountain Head
Strong Economics
Revenues of A$628 million over an initial 6.5 year LOM, NPV 10% A$133 million*
Excellent Cash flow
A$41m estimated pre-tax net cash flow per annum (A$266m LOM)
Rapid Payback
Payback of capital in less than 15 months - exceptionally fast, low risk
Low Capital Hurdle
Strong Production
Infrastructure
Access
Exploration Potential
Commodity Outlook
Upfront capex of A$58 million (includes processing facility and mine development)
18.3ktpa Zn, 14.7kozpa Au, and 1.4Mozpa Ag (~40ktpa ZnEq)
Located in existing infrastructure corridor with rail, gas, power and other mining
operations, only 170km from Darwin
Strong near-mine gold and base metal exploration potential, multiple drill
targets
The supply and demand fundamentals for zinc remain strong, as does the price
outlook for gold and silver
PNZ
METALS
Refer ASX release of 12 July 2017 for full details of PFS. The material assumptions underpinning the production targets and the
forecast financial information derived from the production targets continue to apply and have not materially changed. Revenues based
on forward consensus commodity prices (US$) & FX rates: Zn $2,570, Au $1,289, Ag $19.4, Pb $2,129, Cu $6,366, US$0.73c
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