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Egan Street Resources Ltd.
Summary
| Project: | Rothsay | |
|---|---|---|
| Deposit: | Rothsay | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/13/2016 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 13-12-2016: Egan Street Resources Ltd. announces a Scoping Study report for its Rothsay deposit at the Rothsay project. NPV(5%): $21.4m, IRR: 40% with a payback of 1.8 years. Egan Street Resources Limited (ASX: EGA) is pleased to release the Scoping Study | |
| Resources: | (Resource, I+I): 624Kt @ 11.3g/t Au for 226Koz Au contained at the project | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Egan Street Resources Limited (ASX: EGA) is pleased to release the Scoping Study on the Rothsay Gold Project, which has been prepared by the Company with input and contributions by several independent and highly reputable consultants. The Scoping Study shows a technically and financially viable project based on the key assumptions adopted for the purpose of this study. The Rothsay Gold Project is located approximately 300km NNE of Perth, in the Southern Murchison region of Western Australia (Figure 1). The Rothsay Project covers an area of approximately 69.4km2 comprising the Rothsay Tenements. The Project has historically been partially exploited by shallow open-pits and underground mining techniques up until the early 1990’s. The project was last mined by Metana Minerals NL, which ceased production in May 1991. Extensive underground development infrastructure from historical workings remains in place. EganStreet is investigating the potential to recommence production of the Rothsay Gold Mine. The Scoping Study outlines the capital and operating cost estimates, the production schedule (mining and processing), environmental and licensing aspects and considers the financial viability of the project. The Study is completed to the level of Scoping Study as defined in clause 38 of the 2012 Edition of the JORC Code. | |
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