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Gold Road Resources Ltd.
Summary
| Project: | North Yamarna | |
|---|---|---|
| Deposit: | Gruyere | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/19/2016 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 19-10-2016: Gold Road Resources Ltd. announces a Feasibility Study report for its Gruyere deposit at the North Yamarna project. Feasibility study results incl. pre-tax NPV (8%) of A$486M, IRR of 24%. Gold Road is an Australian incorporated company listed | |
| Resources: | (Reserve, P+P): 91.6Mt @ 1.20g/t Au for 3.52Moz Au contained at Gruyere | |
| CP/QP: | [Resources]: Justin Osborne, John Donaldson (Internal) | |
| ABSTRACT: | Gold Road is an Australian incorporated company listed on the Australian Stock Exchange (ASX:GOR). On 19 October 2016, Gold Road publicly disclosed the results of the Gruyere Gold Project Feasibility Study (FS)1 in accordance with the ASX Listing Rules, which wholly incorporates the JORC Code 2012, and in compliance of Australia’s statutory continuous disclosure laws as articulated in the Australian Corporations Act (Cth) 2001. Funding for the project was secured with a 50:50 joint venture agreement between Gold Road and a wholly owned Australian subsidiary of Gold Fields Limited. Details of the agreement were publicly disclosed on 7 November 20162 and are not elaborated upon in this report. The purpose of this report is to provide investors and shareholders with the FS information and results in a NI43-101 compatible format. Since Gold Road is not currently listed on any Canadian exchange, this report is not an official NI43-1013 report, but is structured in accordance with Form NI43-101F1, taking due consideration for expectations that would be placed on Gold Road under a Canadian listing without compromising Gold Road’s current listing obligations. Gold Road notes that the information contained in this report, whilst more expansive, is not materially different to the information already publicly disclosed on the ASX by Gold Road on 19 October 2016. Some statements in this report regarding estimates or future events are forward-looking statements. Gold Road’s cautionary statements are presented in Appendix 1. | |
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