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Monarch Gold Corp.
Summary
| Project: | Wasamac | |
|---|---|---|
| Deposit: | Wasamac | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/3/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-12-2018: Monarch Gold Corp. announces a Feasibility Study report for its Wasamac deposit at the Wasamac project. Feasibility Study results incl. post-tax NPV of US $311.1M, IRR of 18.5%, 11yr LOM at the project. Monarques Gold Corporation (“Monarques”) | |
| Resources: | (Reserve, P+P): 21.455Mt @ 2.56g/t Au for 1.767Moz Au contained | |
| CP/QP: | [Resources]: Tudorel Ciuculescu (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Monarques Gold Corporation (“Monarques”) commissioned BBA Inc. (“BBA”) to prepare a technical report (the “Report”) of the Feasibility Study, herein also referred to as the “FS” or the “Study”, for the Wasamac Project (the “Project”) an advanced stage gold exploration project located 15 km west of Rouyn-Noranda, in the heart of the Abitibi gold mining camp in the province of Québec, Canada. The purpose of this Study was to complete a review and compilation of the resources recently re-qualified by RPA (October 2017), incorporate advanced mining designs by integrating the Rail-Veyor® technologies and a paste backfill system, investigate processing options, tailings and water management facilities and assess the economics of this underground gold project. This Report was completed by BBA with the assistance of Roscoe Postle Associates Inc. (“RPA”). This Report was prepared according to the guidelines set out under the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) to support the results of the Study as disclosed in Monarques’ press release entitled “Monarques Gold’s Wasamac Feasibility Study Shows Positive Pre-Tax 23.6% IRR and Cash Costs of $720 per Ounce (US $550 per Ounce)” dated December 3, 2018. The FS provides a base case assessment for developing the Wasamac deposit (6,000 tpd) as an underground mine, integrating the Rail-Veyor® technologies and a paste backfill system to a topdown mining approach, feeding a process plant located some 2 km from the mine site with neutral dry-stacked tailings disposal some 5 km further so to minimize the project footprint locally. The CIP process plant is designed to have a capacity of 6,900 tpd. All monetary units in this FS are in Canadian dollars (CAD or $), unless otherwise specified. Costs are based on fourth quarter (Q4) 2018 dollars. Quantity and grades are rounded to reflect that the reported values represent approximations. | |
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