For thousands of other reports visit RSC's Mineral Intellingence Map
Egan Street Resources Ltd.
Summary
| Project: | Rothsay | |
|---|---|---|
| Deposit: | Rothsay | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/16/2017 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 16-5-2017: Egan Street Resources Ltd. announces a Pre-Feasibility Study report for its Rothsay deposit at the Rothsay project. PFS results incl. pre-tax NPV (8%) of A$58.1M, IRR of 57%, initial LOM of 5.5 years. Egan Street Resources Limited (ASX: EGA) is | |
| Resources: | (Resource, I+I): 701kt @ 11.6g/t Au for 262koz Au contained at project | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Egan Street Resources Limited (ASX: EGA) is pleased to announce that the Pre-Feasibility Study (PFS) on its 100%-owned Rothsay Gold Project, located 300km north-east of Perth in WA’s Midwest region, has confirmed the potential for it to be developed as a new high-grade, high-margin Australian gold project capable of delivering strong financial returns for shareholders. The PFS builds on a Scoping Study completed in December 2016, delivering an almost two-fold increase in projected life-of-mine (LOM) gold production to 200koz, together with lower forecast C1 costs and all-in sustaining costs (AISC) – demonstrating that the Rothsay Gold Project has the potential to generate strong cash-flows underpinned by high-grade gold production and low pre-production capital costs. In light of the advanced nature of the Rothsay Gold Project and the strong results from the 2016 Scoping Study, EganStreet has already commenced many of the key elements required for a Definitive Feasibility Study, which is on track for completion next quarter. The PFS concludes that the Rothsay Gold Project is financially and technically viable based on its previously announced redevelopment strategy targeting unmined fresh material which can be accessed via an existing decline which requires rehabilitation. Rothsay has a rich mining history dating back to the discovery of gold in 1894 and including several phases of mining, most recently by Metana Minerals in the late 1980s. The PFS forecasts life-of-mine (LOM) production of 936kt grading 7.0g/t Au for approximately 200koz of gold (up from 493kt grading 6.7g/t Au for 106koz in the December 2016 Scoping Study). | |
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