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Shanta Gold Ltd.
Summary
| Project: | Singida | |
|---|---|---|
| Deposit: | Singida | |
| Location: | Tanzania | |
| Commodities: | Gold | |
| Date: | 12/5/2018 | |
| Report Code: | (no Code) | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 5-12-2018: Shanta Gold Ltd. announces a PEA report for its Singida deposit at the Singida project. Economic statements for Singida incl. post-tax NPV of US $31M (8%), IRR of 67%, 6yr LOM. Eric Zurrin, Chief Executive Officer, commented:"Singida has always | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Eric Zurrin, Chief Executive Officer, commented:"Singida has always been an exciting project for the Company and has the potential to propel Shanta to a gold producer with over 100,000 oz per year by 2020. The development of Singida unlocks value for us, with very attractive economics including an IRR of 67%.""We are making steady progress with the Singida funding plan, which as we have stated previously, will be completed at the asset level and not through Shanta Gold shareholders. I look forward to providing a more detailed update in Q1 2019, with a target to complete the funding during the course of 2019." | |
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