Sturec scoping proves positive
KALGOORLIE (miningweekly.com) – A scoping study into the Sturec gold mine, in Slovakia, has concluded that it could produce over one-million ounces of gold over a mine life of 15 years.
ASX-listed MetalsTech on Wednesday reported that Sturec’s life-of-mine operating costs have been estimated at $754/oz, delivering robust operating margins based on a gold price of $2 014/oz.
Based on the current spot gold price, the mine is expected to deliver an operating margin of $1 026/oz and a net present value of $360-million. Total capital costs for the project have been estimated at $82.8-million.
MetalsTech executive director Gino D’Anna told shareholders that the completion of the scoping study marked a significant milestone achievement for the company and brought with it the rebirth of one of Slovakia’s historic mining operations.
“The scoping study has confirmed the mining method, technical aspects and the economic viability of a 1.5-million-tonne-a-year mining and processing operation. The design basis has been responsive to previous concerns, focusing on generating a high-value gold concentrate without the use of cyanide, while also minimising environmental footprint and minimising surface disturbance.”
D'Anna said that the scoping study was based on a mineral resource of 38.5-million tonnes at 1.23 g/t gold and 8.8 g/t silver, containing 1.5-million ounces of gold and 10.93-million ounces of silver. He noted that 82% of the mining inventory used in the scoping study was based on measured and indicated resources, with only 18% in the inferred category.
Drilling activities at Sturec were continuing, and a resource upgrade is expected as the company advances towards a prefeasibility study.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
