Capricorn improve Karlawinda economics
PERTH (miningweekly.com) – An optimisation study of the Karlawinda gold project, in Western Australia, has delivered a 69% increase in the forecast pre-tax net present value (NPV), while also reducing up-front capital costs by 10%.
ASX-listed Capricorn Metals on Wednesday reported that the pre-tax NPV for the Karlawinda project had increased from the A$144-million estimated in the 2017 feasibility study, to A$243-million, while the internal rate of return had increased from 31% to 36%.
Up-front capital costs for the 1.5-million-ounce Karlawinda project have decreased from A$133.3-million to A$132-million, while significant improvements have been identified in the process flowsheet, resulting in higher throughput of oxide and laterite ores, resulting in lower operating costs.
Furthermore, the optimisation study also increased the mine life by two years, to eight and a half years, with a 25% increase in the life-of-mine gold production to 823 000 oz, up from the 660 955 oz estimated in the feasibility study.
As a result, life-of-mine revenues have also increased from an estimated A$1.09-billion to A$1.4-billion.
Capricorn told shareholders that the company was now working with several short-listed banks with the aim of finalising the debt component for the project in the September quarter.
The company has also started a mining contractor tender process for both drill/blast and the load/haul contracts. The tender process will be finalised by the end of July and a final decision on the preferred mining scenario will be made once tenders have been reviewed.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation