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Egan Street Resources Ltd.
Summary
| Project: | Rothsay | |
|---|---|---|
| Deposit: | Rothsay | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/23/2016 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 23-12-2016: Egan Street Resources Ltd. announces a Scoping Study report for its Rothsay deposit at the Rothsay project. Revised Scoping Study with updated financial results. Egan Street Resources Limited (ASX: EGA) advises that the Rothsay Scoping Study a | |
| Resources: | (Resource, I+I): 624Kt @ 11.3g/t Au (Globe) and 612Kt @ 11.4g/t Au (Shear) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Egan Street Resources Limited (ASX: EGA) advises that the Rothsay Scoping Study announced on 13 December 2016 has been revised with financial results being presented based on a discount rate of 8%. At the revised discount rate the Scoping Study still shows a technically and financially viable project based on the key assumptions adopted for the purpose of this study. The Company notes that none of the other assumptions outlined in the original Scoping Study announcement have changed. EganStreet confirms it will be commencing a feasibility study. The results of the revised Scoping Study are in the attached announcement. | |
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