Tuvatu gold project, Fiji
Name of the Project
Tuvatu gold project.
Location
The project is located on the island of Viti Levu, in Fiji.
Project Owner/s
Lion One.
Project Description
The updated preliminary economic assessment (PEA) for the project has demonstrated robust economic potential for a low-cost, high-grade gold operation with low upfront capital costs.
The project has an indicated resource of 1.01-million tonnes grading 8.5 g/t of gold and an inferred resource of 1.33-million tonnes grading 9 g/t of gold.
The updated PEA states the project’s gold production capacity at an average rate of 78 000 oz/y, at 8.6 g/t gold over a five-year mine life for a total 331 300 oz.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 5% discount rate, of $155.8-million and an internal rate return of 60.3%, with a payback of five years.
Capital Expenditure
The project has a capital expenditure of $66.8-million.
Planned Start/End Date
Not stated.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Lion One, tel +1604998 1250 or email info@liononemetals.com.
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