Name of the Project
Castelo de Sonhos gold project.
Location
Southern Pará State, Brazil.
Client
TriStar Gold.
Project Description
A preliminary economic assessment (PEA) has shown a robust, low-cost base case for the project, which has indicated resources of 17.7-million tonnes grading 1.2 g/t gold and inferred resources of 39.8-million tonnes grading 1 g/t gold. The project will use a contract mining company to conduct openpit mining using technology equipment readily available in Brazil and elsewhere.
Life-of-mine (LoM) production is estimated at 1.1-million ounces of gold over its 9.1-year LoM.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has an estimated pretax net present value, at a 5% discount rate, of $319-million and an internal rate of return of 51%, with a payback of 1.9 years.
At a 10% discount rate, the project has a pretax net present value of $233-million.
Value
The project will require an initial capital investment of $184-million.
Duration
Not stated.
Latest Developments
TriStar intends to complete further drilling in 2019 to further increase the mineral resource estimate of the project.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
TriStar Gold, tel +1480794 1244 or email info@tristargold.com.