Name of the Project
Goldboro gold project.

Location
Nova Scotia, Canada.

Client
Anaconda Mining.

Project Description
Goldboro is an advanced exploration and development project.

A preliminary economic assessment completed on the project in January 2018 envisages an openpit and underground mining operation, on-site concentration through gravity and flotation circuits and leaching of the concentrate and gold recovery at Anaconda’s Pine Cove mill, in Newfoundland.

The operation is expected to have an 8.8-year mine life, with 2.4-million tonnes of potential mill feed at an average grade of 5.13 g/t of gold and a recovery rate of 93.6%, resulting in gold production of 375 900 oz.

Mining is expected to be conducted at 600 t/d of mineralised material at an average openpit grade of 2.99 g/t and an underground grade of 6.83 g/t.

Processing will be conducted at 800 t/d to 600 t/d of run-of-mine high-grade material and rehandle of 200 t/d of stockpiled openpit lower-grade material.

Average gold production is estimated at 41 770 oz/y.

Potential Job Creation
There is potential for up to 200 jobs to be created at the peak of production.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 7% discount rate, of $120-million and an internal rate of return of 38%, with a payback 2.9 years.

Value
Preproduction capital is estimated at $47-million.

Duration
Not stated.

Latest Developments
Anaconda filed the registration document for Goldboro in August this year, marking the start of the permitting process and getting the company closer to reaching the preproduction stage in 2020.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Anaconda Mining, tel +1 416304 6622, fax +416363 4567 or email info@anacondamining.com.