Korbel gold project, US
Name of the Project
Korbel gold project.
Location
Southern Alaska, US.
Project Owner/s
Nova Minerals.
Project Description
The Korbel scoping study highlights the potential for Korbel Main to support a large, standalone, bulk tonnage openpit mining operation with ideal orebody geometry that allows for mining at a very low strip ratio over 15 years. The study envisages the production of 1.96-million ounces of gold with 88% gold recovery over the evaluation period using a conventional truck-and-shovel mining method and mill operation.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 5% discount rate, of $381-million and an internal rate of return of 20.4%, based on a $1 750/oz gold price. Payback is estimated at three years.
Capital Expenditure
Estimated preproduction capital is estimated at $424-million for plant and site infrastructure, inclusive of $57-million for fleet equipment and contingencies.
Planned Start/End Date
Not stated.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Nova Minerals, tel +61 3 9537 1238 or email info@novaminerals.com.au.
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