Doray hunts for Deflector funding
PERTH (miningweekly.com) – ASX-listed gold miner Doray Minerals has called on PCF Capital Group to assist in the hunt for funding to develop the Deflector copper/gold project, in Western Australia.
The company told shareholders that PCF would assist Doray in assessing financing alternatives and securing funding for the construction of the Deflector project, in the hopes of bringing the project into production by 2016.
The Deflector project was acquired through the takeover of Mutiny Gold earlier this year, in which shareholders of that company were offered one Doray share for every 9.5 Mutiny shares held.
Once in production, the Deflector project would effectively double Doray’s production to about 160 000 oz/y gold equivalent. The project would likely deliver about 63 000 oz of gold, 2 662 t of copper and 60 000 oz of silver.
Mutiny had previously estimated that the project would require a capital investment of A$67.6-million, with the project expected to have a net present value of A$111-million and an internal rate of return of 50%.
The combined company would have a mineral resource base of more than one-million ounces of gold, grading at 7.7 g/t gold, and 27 000 t of copper, grading at 0.9%.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Rio Carb is an OEM (Original Equipment Manufacturer) of R-C700 Chromium Carbide (CrC) alloy clad wear plates and pipes used for heavy materials...
VISIT SHOWROOM
Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
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
