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Romarco Minerals Inc.
Summary
| Project: | Haile Gold Mine | |
|---|---|---|
| Deposit: | Haile Gold Mine | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 12/10/2014 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 10-12-2014: Romarco Minerals Inc. announces a Feasibility Study report for its Haile Gold Mine deposit at the Haile Gold Mine project. Feasibility study results incl. pre-tax NPV (5%) of $416.7M, IRR of 22.6%. This section briefly summarizes the findings | |
| Resources: | (Reserve, P+P): 33.63Mt @ 0.060oz/t Au for 2.018Moz Au contained | |
| CP/QP: | [Resources]: John Marek (Independent Mining Consultants Inc.) | |
| ABSTRACT: | This section briefly summarizes the findings of the Haile Gold feasibility project update. The proposed project is an open pit gold mine that delivers sulfide ore to a 7,000 tpd (short tons per day) grinding, flotation, cyanide leach, carbon handling and refining facility. The project is located near Kershaw, South Carolina which has a balance of remoteness and close proximity to infrastructure. Over the life of the project, 1,681,500 ounces (troy ounces) of gold are projected to be produced. Haile Gold Mine, Inc. (HGM) selected third-party consultants that are well known and respected in the industry. These consultants performed the design, engineering, reserve calculations, and environmental studies used for this report. All consultants have the capability to support the project, as required and within the confines of expertise, from feasibility study to full operation. M3 Engineering & Technology Corporation (M3), and other HGM consultants, developed more than 2,500 engineering detailed design drawings since the completion of the feasibility study in 2011. A large portion of the mining and process equipment has been purchased and is either on site or awaiting fabrication. | |
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