Name of the Project
Wildcat & Mountain View gold/silver projects.
Location
Western Nevada, in the US.
Project Owner/s
Integra Resources Corp.
Project Description
A preliminary economic assessment (PEA) has demonstrated the potential for a low-cost, high-margin, heap-leach gold/silver operation with a phased development and production strategy, and robust economics.
Openpit mining will start at Wildcat and progress to Mountain View in Year 8. A phased development approach enables the company to use one fleet for mining and processing equipment, resulting in significantly reduced total capital requirements.
Each operation will have its own heap-leach pad and waste rock facility. The mining equipment and fleet will be moved between the two projects to provide efficient operations and value optimisation.
Wildcat will produce about 30 000 t/d over a seven-year period.
Starting in Year 5, prestripping and a mineralised material stockpiling programme will start at Mountain View. In years 7 and 8, all fixed and mobile infrastructure will advance from Wildcat to Mountain View.
In Year 8, the majority of fixed and mobile equipment will be allocated for mining at Mountain View in conjunction with heap leaching only at Wildcat.
Mountain View will process an average of 16 000 t/d over a six-year period, followed by one year of remnant heap leaching.
The operations at Wildcat and Mountain View are expected to process 99.5-million tonnes of mineralised material and produce 1.04-million ounces of gold equivalent – 1.02-million ounces of gold and 1.93-million ounces of silver over the 13-year life-of-mine.
Potential Job Creation
About about 200 mining, processing, maintenance and general administrative workers are expected to be directly employed by Wildcat & Mountain View in peak years.
Net Present Value/Internal Rate of Return
The project has a net present value, at a 5% discount rate, of $309.6-million and an internal rate of return of 36.9%, with a payback of three years.
Capital Expenditure
Initial capital expenditure at Wild Cat is estimated at $115.1-million and $49.2-million at Mountain View. Expansion capital expenditure is estimated at $49.2-million.
Planned Start/End Date
Not stated.
Latest Developments
None stated.
Key Contracts and Suppliers
Micon International Limited of Toronto, with Contributions from Forte Dynamics, NewFields and Convergent Mining (PEA).
Contact Details for Project Information
Integra Resources Corp, tel +1604416 0576 or email info@integraresources.com.