PEA deems TriStar gold project in Brazil viable for 1.1Moz gold
A preliminary economic assessment (PEA) study, conducted by GE21 Consultoria Mineral on behalf of TriStar Gold for its Castelo de Sonhos gold project, in Brazil, highlighted life-of-mine recoverable gold of 1.1-million ounces, or an average of 120 000 oz/y.
The Castelo de Sonhos project will require a capital investment of $184-million and is the TSX-V-listed junior’s flagship project.
The highlights of the PEA included a pretax internal rate of return of 51% and a net present value at a 5% discount of $319-million, with a payback period of 1.9 years.
The cash cost is estimated at $660/oz and the all-in sustaining costs at $687/oz.
“This study now shows a robust, low cost base case for the Castelo de Sonhos gold project. With payback in less than two years and an average production of nearly 160 000 oz/y for the first four years, the remarkable potential of this project is coming into focus.
“We intend to complete further drilling in 2019 with an aim to further increase the mineral resource estimate,” confirmed TriStar president and CEO Nick Appleyard in a statement.
The PEA is based on an indicated mineral resource of 17.7-million tonnes at 1.2 g/t, containing 0.7-million ounces of gold and an inferred resource of 39.8-million tonnes at 1.0 g/t, containing 1.3-million ounces of gold.
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