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Roxgold Inc.
Summary
| Project: | Seguela | |
|---|---|---|
| Deposit: | Seguela | |
| Location: | Ivory Coast | |
| Commodities: | Gold | |
| Date: | 5/29/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-5-2020: Roxgold Inc. announces a PEA report for its Seguela deposit at the Seguela project. PEA results incl. post-tax NPV (5%) of A$268M and IRR of 66%. The Séguéla Property is located approximately 500 km from Abidjan, via major highways to Séguéla. | |
| Resources: | (Resources, M+I): 7.1Mt @ 2.3g/t Au (529koz Au) | |
| CP/QP: | [Reserve] n/a (n/a) | |
| ABSTRACT: | The Séguéla Property is located approximately 500 km from Abidjan, via major highways to Séguéla. From Séguéla, the Property’s Antenna, Ancien, Agouti and Boulder deposits are accessed via 40 km of unsealed roads. The Séguéla Property covers an area of 36,300 hectares, defined by two exploration permits (Permis de Recherche Miniére No. 252 and Permis de Recherche Miniére No. 638). Permis de Recherche Miniére No. 252 has received its third renewal and is due to expire on 17 December 2021. The Antenna, Ancien, Agouti and Boulder deposits are located on this permit. Permis de Recherche Miniére No. 638 is a four year permit due to expire 18 October 2020 which surrounds Permis de Recherche Miniére No. 252. Provided minimum expenditure requirements are met, Mineral Exploration Permits in Côte d’Ivoire are subject to automatic grants of renewal applications for two terms of two years each, and a special third term of no more than three years. Ivorian Mineral Exploration Permits, within their boundaries, entitle the holder exclusive rights to explore for the nominated mineral commodities specified (in this case, gold), as well as encumbrancefree disposal of materials extracted during exploration process. | |
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