For thousands of other reports visit RSC's Mineral Intellingence Map
Avanco Resources Ltd.
Summary
| Project: | CentroGold | |
|---|---|---|
| Deposit: | CentroGold | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 4/10/2018 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 10-4-2018: Avanco Resources Ltd. announces a Scoping Study report for its CentroGold deposit at the CentroGold project. Scoping Study results incl. pre-tax NPV of US $231.6M (10%), IRR of 73%, and 11yr LOM at project. The CentroGold Project fits well into | |
| Resources: | (Resource, I+I): 32.8Mt @ 2.1g/t Au for 2.217Moz contained at CentroGold | |
| CP/QP: | [Resources]: Aaron Green (CSA Global Pty Ltd.) | |
| ABSTRACT: | The CentroGold Project fits well into Avanco’s business model of developing low-risk-low-capex mines that capitalise on the Company’s Brazilian expertise. Avanco acquired a 100% interest in CentroGold in September 2017. The results of the Scoping Study 2 indicate strong potential for a high-grade-low-CapEx gold mining operation. This outcome underscores confidence in the pending Pre-Feasibility Study (PFS) which is well advanced. The Scoping Study is completed to an overall ±35% level of accuracy and examined all facets of geology, mining, processing and supporting infrastructure at a $1,250 gold price with a long-term foreign exchange rate of USD1.00:BRL3.50. All amounts are USD unless otherwise stated. Key approximate results from the base case development, pre-tax financial modelling, are | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report