Name of the Project
Rovina Valley gold/copper project.

Location
West-central Romania.

Project Owner/s
Euro Sun Mining.

Project Description
The Rovina Valley project is one of the biggest undeveloped copper/gold assets in the world, with 10.1-million ounces of gold equivalent.

The definitive feasibility study (DFS) envisages a low-impact mining plan, including using dry-stacking, existing infrastructure, renewable/grid electricity, a closed water management circuit and zero cyanide.

Once in production, the project will operate for about 16.8 years. In the first ten years, production is forecast to be 146 000 oz/y gold equivalent (106 000 oz of gold and 19-million pounds of copper).

The project will process 21 000 t/d, incorporating simple flotation and dry stack tailings.

The DFS has been based solely on the development of the Colnic and Rovina deposits. Further development of the Ciresata resource could extend the life of the operation while using the same infrastructure and processing capabilities that would already be in operation. 

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
In the base case, the project has a pretax net present value, at a 5% discount rate, of $447-million and an internal rate of return of 19.2%.

Capital Expenditure
Initial capital expenditure is estimated at $399-million.

Planned Start/End Date
Production is expected in 2024. 

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
Lycopodium Minerals Canada and AGP Mining Consultants (PEA).

Contact Details for Project Information
Euro Sun Mining, tel +1 416 861 2267 or email info@eurosunmining.com.