For thousands of other reports visit RSC's Mineral Intellingence Map
Emerald Resources NL
Summary
| Project: | Okvau | |
|---|---|---|
| Deposit: | Okvau | |
| Location: | Cambodia | |
| Commodities: | Gold | |
| Date: | 5/1/2017 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 1-5-2017: Emerald Resources NL announces a Feasibility Study report for its Okvau deposit at the Okvau project. Definitive feasibility study results, mineral resource update and Initial mineral reserve estimate. Emerald Resources NL (ASX: EMR) (‘Emerald’) | |
| Resources: | (Reserve, Prob.): 14.3Mt @ 2.0g/t Au for 907000oz Au contained at project | |
| CP/QP: | [Resources]: Brett Gossage (EGRM Consulting Pty. Ltd.) | |
| ABSTRACT: | Emerald Resources NL (ASX: EMR) (‘Emerald’) is pleased to announce the completion of the DFS on the development of a 2.0Mtpa operation at its 100% owned Okvau Gold Project located in the Mondulkiri province of eastern Cambodia (‘Project’). The DFS has been completed to +/-15% level of accuracy. The Board of Emerald has approved the Project to proceed to construction subject to financing arrangement and permitting, including a Mineral Investment Agreement with the Royal Government of Cambodia to support an Industrial Mining Licence. The DFS confirms the robust nature of the Project with an initial operating LOM of over 7 years, producing approximately 106,000 ounces of gold per annum on average from a single open pit, with ore processed through a plant utilising a single stage crushing circuit and SAG mill, sulphide flotation, regrind mill followed by conventional cyanide leaching. Emerald Managing Director, Morgan Hart said: “Today the Emerald team has delivered a maiden Ore Reserve of just under 1 million ounces of gold along with a DFS demonstrating the exceptional economics of the Okvau Gold Project, all of which has been achieved within 12 months of Emerald becoming formally involved in the Project. The results of the DFS, including a pre-tax NPV(5%) of approximately A$300M with an IRR of 48% pa, vindicates Emerald’s decision to acquire 100% ownership of this project. Importantly, given the reserve grade of 2.0g/t and moderate strip ratio, the Project has low AISC of US$731/oz over the LOM. This will be the first large scale gold project to be developed in Cambodia. Emerald is confident this first mover status will result in a number of growth opportunities and it is very easy to envisage this Project increasing in scale and mine life.” | |
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