Investor Presentaiton
Feasibility Study Overview
Conservative
Optimized
First Five
Life of
Current
Description
Units
Years
Mine
Production Data
Conservative reserve estimate
Pit design optimized for $1,400/oz gold
Mine Life
Years
10.5
Average Milling Throughput
MMt/year
4.7
4.6
Strip Ratio
waste: ore
4.2
3.4
•
5.5% mining dilution
Ore Tonnage Milled
Mt
23.5
48.3
Capital costs supported by:
•
•
Q4-2021 budgetary quotes
Firm pricing secured on major
equipment amounting to 44%
Labor costs supported by in-country
labor surveys conducted in Q4-2021
Procurement strategy favors sourcing
from in-country manufacturers to benefit
from simplified logistics and to maximize
local benefits
Gold Head Grade
Contained Gold
Recovery
Total Gold Production
g/t
1.44
1.31
koz
1,086
2,036
%
90%
90%
koz
981
1,834
Average Annual Gold Production
koz
196
175
Operating Costs (Average LOM)
Total Site Costs
USD/oz
$564
$565
Total Operating Costs / Cash Costs
USD/oz
$621
$623
AISC
USD/oz
$666
$681
Capital Costs
Development Capital
USD MM
$458
Sustaining Capital
USD MM
$83
Financial Evaluation
Gold Price Assumption
USD/oz
After-Tax NPV,
5%
USD MM
$1,600
$622
After-Tax IRR
%
24%
Payback
Years
3.2
Note: Capital Costs shown inclusive of taxes payable.
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