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White Rock Minerals Ltd.
Summary
| Project: | Mt Carrington | |
|---|---|---|
| Deposit: | Strauss, Kylo | |
| Location: | Australia | |
| Commodities: | Gold-Silver | |
| Date: | 12/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 27-12-2017: White Rock Minerals Ltd. announces a Pre-Feasibility Study report for its Strauss, Kylo deposit at the Mt Carrington project. Pre-feasibility study results incl. IRR 34%, LOM 4.3yrs. White Rock Minerals (WRM or the Company) is pleased to annou | |
| Resources: | (Reserve, Prob): 3.47Mt @ 1.43g/t Au for 159Koz contained at project | |
| CP/QP: | [Overall Report]: Alan Riles (Riles Integrated Resource Management Pty Ltd.) | |
| ABSTRACT: | White Rock Minerals (WRM or the Company) is pleased to announce the completion of the Stage One PreFeasibility Study (PFS) for the development of its 100% owned Mt. Carrington Gold First stage of the project in northern New South Wales. The compilation of the PFS included detailed economic analysis and further technical work building on previous studies which determined that the best “go-forward” case was a gold first initial stage capitalising on the existing pre-stripped gold pits, tailings dam and process water facilities with a minimal capital expenditure to commence full rate production, based on a 1 mtpa process plant and 35,000 ounces of gold p.a. for the initial 4 ½ year mine plan. The silver dominant Mineral Resource, containing some 8.3M ounces in the Indicated category (refer ASX announcements 13 February 2012 & 20 November 2013) is the subject of further mineralogy studies, metallurgical test work and concentrate sales discussions. Mining of these silver resources constitutes Stage Two of the Mt Carrington project. The PFS confirms Mt Carrington as a viable and relatively fast start, modest capex and opex project that is technically sound and economically viable, generating over A$36 million in undiscounted cash-flow over its initial stage 4 ½ year life | |
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