Opportunity to acquire a development-ready gold project with significant exploration potential in Laverton, Western Australia

In 2021, consultants were engaged to undertake a Definitive Feasibility Study (DFS) for the Projects to determine the economic viability of retreating the historic gold tailings through a proposed 1.5Mtpa modular processing plant.

Using a gold price of US$1,750/oz (A$2,333/oz), retreating the tailings proved economically robust with a:

• Potential operating life of 3.75 years;
• Net operating cashflow of $30.6m;
• Pre-tax NPV of $21.7m;
• IRR of +50%; and
• Pre-production capital costs of $25.8m.