Name of the Project
South Arturogold project.

Location
In the heart of the Carlin Trend, in Nevada, in the US.

Project Owner/s
Premier Gold Mines and Nevada Gold Mines. Nevada Gold Mines is a joint venture between Newmont Mining and  Barrick Gold.

Project Description
South Arturo is a producing mine. It has total proven and probable reserves of 3.8-million tonnes grading 2.87 g/t gold and  0.45 g/t silver. The openpit mineral reserves are reported only for material amenable to roasting from the Phase 1 pit and the El Niño underground mine.

A prefeasibility study (PFS) has envisaged an operation producing about 16 000 oz/y for the combined operation. The project has an 18-year mine life.

There continues to be significant potential to increase the mine life by converting mineral resources to reserves from the 2020 drilling for El Niño and Phase 1, and by continuing exploration, as the deposits remain open for further expansion.

The project has total measured and indicated resources of 19.99-million tonnes grading 1.2 g/t gold and 6.19 g/t silver. Inferred resources are estimated at 10.12-million tonnes grading 0.99 g/t gold and 5.47 g/t silver.

The PFS does not include the potential of the proposed Phase 3 openpit, heap-leach opportunity or additional underground mining scenarios.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The combined project has an after-tax net present value, at a 5% discount rate, of $78.1-million and an internal rate of return for the Phase 1 pit of 50%, with a payback of 6.1 years.

Capital Expenditure
$29.7-million.

Planned Start/End Date
None stated.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
Practical Mining (PFS).

Contact Details for Project Information
Premier Gold Mines, email Info@premiergoldmines.com.