Investor Presentaiton
MAIDEN ORE RESERVE 4.76 Moz
CARDINAL
RESOURCES
KEY ECONOMIC RESULTS
UNIT
9.5 Mtpa
☐
PFS
FINANCIALS
Study Consultants
o Golder Associates
。 Lycopodium
o Knight Piesold
o ALS Laboratory
Oreway Mineral
Consultants
o IMO Metallurgical
Consultants
o MPR Geological
Consultants
○ 9.5 Mtpa option selected on
best economic return
All in Sustaining Costs
(AISC)¹
Total Project Payback
Post-Tax NPV
(@ 5% discount)²
Pit Design
1,105
Gold Price
US$/ oz
Financial Model
1,250
Development Capital Cost
US$ M
414
(including 15% contingency and owners costs)
Starter Pit
Life of Mine
599
US$/ oz
769
years
1.8
US$ M
586
Post-Tax IRR
Table Notes:
1 Cash Costs + Royalties + Levies + Life Of Mine Sustaining Capital Costs (World Gold Council Standard)
2 Royalties calculated at a flat rate of 5% - subject to negotiation and corporate tax rate of 35% was used subject to negotiation
%
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CARDINAL RESOURCESView entire presentation