Taguas gold project, Argentina
Name of the Project
Taguas gold project.
Location
San Juan province, Argentina.
Project Owner/s
Orvana Minerals Corp.
Project Description
Taguas comprises 15 mining concessions over 3 273.87 ha, with an estimated inferred mineral resource of 38.6-million tonnes grading 0.4 g/t of gold and 14.6 g/t of silver.
The preliminary economic assessment (PEA) proposes a conventional truck-and-shovel openpit mining operation.
The proposed recovery process will be crushing and agglomeration of mineralised material at 12 000 t/d, stacking in 6 m lifts on a permanent heap leach, as well as gold and silver recovery from the heap-leach pregnant solution in a carbon adsorption-desorption-recovery plant and electrowinning to produce doré gold bars.
Life-of-mine production is estimated at 410 000 oz of gold and 9 023 oz of silver.
The project has a mine life of ten years.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, at an 8% discount rate, of $55.1-million and an internal rate of return of 21.7%, with a payback from the start of operations of three years.
Capital Expenditure
Initial capital expenditure is estimated at $92.8-million.
Planned Start/End Date
Not stated.
Latest Developments
None stated.
Key Contracts and Suppliers
Wood, formerly Amec Foster Wheeler (PEA).
On Budget and on Time?
Not stated.
Contact Details for Project Information
Orvana Minerals, tel +1 416 369 1629.
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