Rajapalot gold/cobalt project, Finland
Name of the Project
Rajapalot gold/cobalt project.
Location
Lapland, northern Finland.
Project Owner/s
Mawson Finland.
Project Description
The proposed underground operation will produce 78 000 oz/y of gold in doré and 311 t/y of cobalt in concentrate using industry standard processes for total production of about 700 000 oz of gold and 2 800 t of cobalt over the nine-year mine life.
Longhole open stoping mining methods will be used with conventional gravity carbon-in-leach.
Three mining deposits will be mined at any time at 1.2-million tonnes a year.
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 $211-million using a gold price of $1 700/oz and a cobalt price of $60 000/t, and an internal rate of return of 27%.
Capital Expenditure
$181-million.
Planned Start/End Date
Not stated.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Pilbara Minerals, tel +61 8 6266 6266.
Latin Resources, tel +61 8 6117 4798 or email info@latinresources.com.au.
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