https://www.miningweekly.com
Consulting|Gold|Mining|PROJECT|Resources|srk|SRK Consulting
Consulting|Gold|Mining|PROJECT|Resources|srk|SRK Consulting
consulting-company|gold|mining|project|resources|srk|srk-consulting

Dugbe gold project, Liberia – update

Image of drill core from the Dugbe project

Photo by Hummingbird Resources

12th January 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

Font size: - +

Name of the Project
Dugbe gold project.

Location
South-eastern Liberia.

Project Owner/s
Hummingbird Resources completed the conversion of its 51% interest in the Dugbe gold project into a 51% controlling interest in TSX-V-listed Pasofino Gold in December 2023 to provide clear visibility and control, and facilitate more efficient decision-making and project advancement.

Project Description
Dugbe has estimated mineral reserves of 66-million tonnes at a grade of 1.30 g/t gold for a total of 276 000 oz of gold.

To date, two deposits have been identified – Dugbe F and Tuzon.

A feasibility study completed in June 2022 highlighted the project’s potential five-million-tonne-a-year throughput for a potential mine life of 14 years, based on the openpit mining of both deposits.

Average production of 200 000 oz/y is estimated for the first five years, with a life-of-mine average of 172 000 oz/y.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The feasibility study estimates a net present value, at a 5% discount rate, of $524-million and an internal rate of return of 23.6%, with a payback of 3.3 years.

Capital Expenditure
Average startup capital is estimated at $435-million.

Planned Start/End Date
Not stated.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
DRA Global (lead consultant); SRK Consulting; and Epoch Resources (preliminary economic assessment).

Contact Details for Project Information
Hummingbird Resources, tel +44 20 7409 6660 or email hum@buchanan.uk.com.
Pasofino Gold, tel +1 416720 2540 or email contact@pasofinogold.com.

Edited by Creamer Media Reporter

Comments

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 12 April 2024
Magazine round up | 12 April 2024
12th April 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.154 0.201s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: