Name of the Project
Montagne d’Or gold project.

Location
French Guiana, France.

Project Owner/s
The project is a joint venture between Orea Mining Corp (44.99%) and operator Nord Gold (55.01%).

Project Description
Montagne d’Or is a permitting-stage openpit gold deposit that hosts proven mineral reserves of 8.25-million tonnes grading 1.99 g/t gold and probable mineral reserves of 45.87-million tonnes grading 1.50 g/t gold.

Measured mineral resources are estimated at 10.3-million tonnes grading 1.804 g/t gold, indicated mineral resources at 74.8-million tonnes grading 1.35 g/t gold and additional inferred mineral resources at 20.2-million tonnes grading 1.48 g/t gold.

The 2017 bankable feasibility study (BFS) envisages an openpit operation with a mine life of more than 12 years.

Average gold production for years 1 to 10 is estimated 237 000 oz/y at a gold grade of 1.73 g/t gold.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at a 5% discount rate, of 5% and an internal rate of return of 18.7%, with a payback of 4.1 years.

Capital Expenditure
Capital expenditure is estimated at $361-million.

Planned Start/End Date
Not stated.

Latest Developments
An optimised project design completed in September 2021 has resulted in a 32% reduction in the project’s surface footprint and an 80% reduction in estimated total equivalent carbon dioxide emissions.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Orea Mining Corp, tel +1 604 634-0970 or email ir@oreamining.com.