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Sihayo Gold Ltd.
Summary
| Project: | Sihayo Pungkut | |
|---|---|---|
| Deposit: | Sihayo Pungkut | |
| Location: | Indonesia | |
| Commodities: | Gold | |
| Date: | 8/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 6-8-2018: Sihayo Gold Ltd. announces a Feasibility Study report for its Sihayo Pungkut deposit at the Sihayo Pungkut project. Feasibility Study results incl. post-tax NPV of US 111m (8%), 7.5yr LOM at the project. The Board of Sihayo Gold Limited (“Sihayo | |
| Resources: | (Reserve, P+P): 11.391Mt @ 2.1g/t Au for 761Koz Au contained | |
| CP/QP: | [Resources]: Tony Mcdougall (PT Sorikmas Mining) | |
| ABSTRACT: | The Board of Sihayo Gold Limited (“Sihayo” or “the Company”) is pleased to announce the completion of the updated Feasibility Study (“the Feasibility”) for its’ 75% owned Sihayo Gold Project, located in North Sumatra, Indonesia. Mining costs have been calculated from first principles, and benchmarked against comparable mines in Indonesia. Given the terrain, some terrace mining will be required. Mine designs represent the final open pit extents including main haul access routes and assumes internal temporary ramps will be implemented to achieve the final open pit extents. Mining will be by conventional open pit mining methods (drill, blast, load and haul) by an owner operator mining fleet utilising 50t excavators, and 38t Articulated Dump Trucks (ADT). | |
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