Name of the Project
Rothsay gold project.

Location
Western Australia’s Midwest region.

Client
EganStreet.

Project Description
The project has a maiden start-up ore reserve of 1.4-million tonnes grading 4.4 g/t gold.

It will target unmined fresh material for gold production of 250 000 oz over an initial 6.5-year mine life. Gold over the first four years averages 53 000 oz/y.

About 1.2-million tonnes is expected to be processed at an average grade if 6.94 g/t gold.

Potential Job Creation
About 135 jobs are expected to be created.

Net Present Value/Internal Rate of Return
The pretax net present value, at a 5% discount rate, is A$80.4-million and the internal rate of return is 57%, with a payback of 1.5 years.

Value
Initial capital is estimated at A$36.1-million.

Duration
First gold production is targeted for the fourth quarter of 2019.

Latest Developments
The Western Australian Department of Mines, Industry Regulation and Safety has approved the project management plan for the Rothsay project, which is the first of three key government approvals required to allow construction activities and operations at Rothsay to start. The company has also submitted its mining proposal to the department.

Key Contracts and Suppliers
Cube Consulting (mineral resource estimate); Symbiosis Environmental Services (environment approvals); Turner Mining & Geotechnical (geotechnical review); Entech, Machsena Engineering Solutions and EganStreet (mining); CPC Project Design and EganStreet (process plant, power provision and high-voltage reticulation), Knight Piésold (tailings dam and hydrology); RockWater (hydrogeology); Maintenance and Construction Services Australia (surface infrastructure);and EganStreet and Entech (financial model).

On Budget and on Time?
Too early to state.

Contact Details for Project Information
EganStreet, tel +61 8 6424 8130, fax +61 8 6500 9912 or email info@eganstreet.com.au.