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Explaurum Ltd.
Summary
| Project: | Tampia | |
|---|---|---|
| Deposit: | Tampia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-5-2018: Explaurum Ltd. announces a Feasibility Study report for its Tampia deposit at the Tampia project. Feasibility Study results incl. pre-tax NPV of A $125M (8%), IRR of 47%, 6yr LOM at project. Explaurum Limited (Explaurum, EXU or Company) is plea | |
| Resources: | (Reserve, Prob.): 7.2Mt @ 2.09g/t Au for 485Koz contained at Tampia | |
| CP/QP: | [Resources]: Rene Sterk (RSC Global Pty Ltd.) | |
| ABSTRACT: | Explaurum Limited (Explaurum, EXU or Company) is pleased to announce an initial Ore Reserve of 7.2 Mt grading 2.09 g/t Au (485,000 oz contained) and completion of the Feasibility Study (the ‘Study’) for the development of the Tampia Gold Project (the ‘Project’) located in the wheatbelt of Western Australia, 240 km east of Perth near the township of Narembeen. The Project covers an aggregate area of 327 km2 , comprising two granted mining leases and nine exploration licences. EXU has a 90% interest in the two mining leases and one exploration licence, and 100% interest in the remaining exploration licences. The Tampia Mineral Resource estimate has been updated by independent resource consultants RSC as part of this Study and classified and reported in accordance with the JORC Code (2012). The Tampia Gold Project Mineral Resource is inclusive of Mineral Reserves (Table 2). The Project comprises a single open pit, within close proximity to the proposed plant site. The proposed process plant is based on a conventional SAG milling, gravity, flotation with concentrate ultra-fine grinding (UFG) and enhanced leach, and carbon in leach (CIL) processing with a nominal throughput capacity of 1.5 Mtpa. The Project has an initial mine life of 5.3 years. The mine plan is based on an optimised mining schedule, mining weathered (surface) and shallow fresh material first. Inferred Mineral Resources occurring at surface and within the pit design have been excluded from the Mineral Reserve estimate but included in the Production Target and financial assessment. The Production Target is 8.0 Mt at 2.07 g/t Au for 534,000 ounces of gold mined. | |
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