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OreCorp Ltd.
Summary
| Project: | Nyanzaga | |
|---|---|---|
| Deposit: | Nyanzaga | |
| Location: | Tanzania | |
| Commodities: | Gold | |
| Date: | 3/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 13-3-2017: OreCorp Ltd. announces a Pre-Feasibility Study report for its Nyanzaga deposit at the Nyanzaga project. Updated Mineral Resource + Pre-Feasibility Study results incl. LOM of 12 yrs. OreCorp Limited (OreCorp or the Company) is pleased to announc | |
| Resources: | (Resource, Total): 29.78Mt @ 3.48g/t Au for 3.330Moz Au contained at project | |
| CP/QP: | [Resources]: Malcolm Titley (CSA Global Pty Ltd.) | |
| ABSTRACT: | OreCorp Limited (OreCorp or the Company) is pleased to announce the PreFeasibility Study (PFS or Study) for the Nyanzaga Gold Project (Nyanzaga or the Project) in Tanzania has confirmed a robust project. The Board has approved a Definitive Feasibility Study (DFS) to commence. The PFS, led by Lycopodium Minerals Pty Ltd (ASX: LYL; Lycopodium) of Perth, Western Australia, examined all facets of geology, mining, processing and supporting infrastructure at a US$1,250/oz gold price, to a nominal accuracy of ±25%. The Study evaluated the technical and economic viability of various OP and UG development scenarios. Processing options were considered in the context of the various mining scenarios to optimise both throughput capacity, utilisation and mineralised feed flexibility to enhance metallurgical outcomes. The PFS estimates a LOM average AISC of US$838/oz and an AIC of US$858/oz. The cost estimates are based on bottom up modelling of key inputs including consumption rates and regional unit costs for key consumables and power. Where contract services are assumed (mining operations), quotes were provided by independent contractors, which have the relevant experience to provide an estimate of the cost for the service. As part of the PFS, the 10 August 2016 MRE was updated and is reported in Table 3 in accordance with the JORC Code 2012. | |
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