For thousands of other reports visit RSC's Mineral Intellingence Map
B2Gold Corp.
Summary
| Project: | Fekola | |
|---|---|---|
| Deposit: | Fekola | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 3/27/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Mine Development | |
| Report details: | 27-3-2019: B2Gold Corp. announces a PEA report for its Fekola deposit at the Fekola project. Expansion PEA results incl. pre-tax NPV of US $2.2B (5%), 12yr LOM at the project . Vancouver, March 26, 2019 – B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B | |
| Resources: | (Resource): 92.810Mt @ 1.92g/t Au (Ind.), 26.50Mt @ 1.61g/t Au (Inf.) | |
| CP/QP: | [Overall Report]: Tom Garagan, John Rajala, Peter Montano (Internal) | |
| ABSTRACT: | Vancouver, March 26, 2019 – B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) ("B2Gold" or the "Company") is pleased to announce very positive results from the Expansion Study Preliminary Economic Assessment (“PEA”) for the Fekola Mine located in Mali and that the Company is proceeding with an expansion project to increase processing throughput by 1.5 million tonnes per annum (“Mtpa”) to 7.5 Mtpa from the current base rate of 6 Mtpa. All dollar figures are in United States dollars unless otherwise indicated. The Expansion Study PEA was conducted to evaluate the life-of-mine ("LoM") options for expanded mining and processing to maximize the value of the substantially increased Indicated and Inferred Mineral Resource at the Fekola Mine (see news release dated October 25, 2018) (see also the Company’s current AIF, filed on SEDAR on March 20, 2019, which reflects 2018 gold production). Results of this study recommend an expansion of the existing plant to process an additional 1.5 Mtpa, resulting in a baseline capacity of 7.5 Mtpa without requiring an additional ball mill or additional power generation capacity. Based on the new optimized mine plan, the mining rate at Fekola will also be increased, along with additional mining equipment to accelerate the supply of higher-grade ore to the expanded processing facilities. As a result of the project and Mineral Resource expansion, the Fekola Mine will produce more gold over a longer life, with more robust economics and higher average annual gold production, revenues and cash flows than the previous LoM. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The Expansion Study PEA is preliminary in nature and includes Indicated and Inferred Mineral Resources. Inferred Mineral Resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. Consequently, there is no certainty that the Expansion Study Preliminary Economic Assessment will be realized. | |
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