Awak Mas gold project, Indonesia
Name of the Project
Awak Mas gold project.
Location
The project is located in South Sulawesi, Indonesia.
Client
Nusantara Resources.
Project Description
Awka Mas is one of a few undeveloped gold projects within the Asia-Pacific region.
A definitive feasibility study has confirmed that the project’s technical and financial feasibility, with opportunities to increase project value through optimising the current mineral resources and through further exploration.
The project has an ore reserve of 1.1-million ounces within a 2-million-ounce mineral resource. The mining operation will include two openpit mines, with an initial 11-year life, and a low project strip ratio of 3.5.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value of $210-million and an internal rate of return of 24.4%, with a payback after tax of four years.
Value
The project is expected to cost about $145.5-million to implement.
Duration
Not stated.
Latest Developments
None stated.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Nusantara, tel +61 8 9460 8600 or email info@nusantararesources.com.
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