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Explaurum Ltd.
Summary
| Project: | Tampia | |
|---|---|---|
| Deposit: | Tampia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 3-11-2017: Explaurum Ltd. announces a Scoping Study report for its Tampia deposit at the Tampia project. Updated Scoping study, NPV (8%) AUD$181M, IRR 64% pre-tax. Explaurum Limited (ASX:EXU) (“the Company” or “Explaurum”) is pleased to announce the resul | |
| Resources: | (Resource, I+I): 11.318Mt @ 1.91g/t Au for 695.5Koz Au at Tampia | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Explaurum Limited (ASX:EXU) (“the Company” or “Explaurum”) is pleased to announce the results of the scoping study (“Scoping Study” or “Study”) for the Tampia Gold Project (“the Project”) located in the wheatbelt of Western Australia, approximately 250km east of Perth near the township of Narembeen. Preliminary economics indicate the Project has robust financial metrics over an initialsix year mine life with low capital and operating costs providing early project payback. The Company is pleased to report the findings of the Scoping Study on the Tampia Gold project located 240km east of Perth. The Scoping Study incorporates the recently Indicated and Inferred Resource of 11.3Mt grading 1.91g/t gold for 696koz of contained gold (Table 1). The Scoping Study has assumed a single pit mining operation with a standalone processing plant designed for treatment of 1.5Mtpa. The process flowsheet consists of single stage crushing, grinding (SAG mill), gravity circuit, flotation, ultrafine grinding (UFG) of the flotation concentrate, carbon-in-pulp (CIP) leaching, and electrowinning to produce doré gold for refining in Perth. Modelling has been based on the Life of Mine (LOM) averages. The Project can be further optimised by scheduling the mining of higher grade material preferentially in the early years. Over the anticipated life of the Project, gold production will average 104kozpa for the first two years, and 84kozpa over LOM (6 years). Average C1 cost over the LOM is estimated at A$799 per ounce. | |
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