Liberty Gold Announces Black Pine Feasibility Study with US$2.4 Billion NPV(5%) and 6 % IRR at $3,250 /oz Au fter 16 year mine life with life mine average payable gold production of 176,700 o per year and AISC of $1,56 /oz Average payable…
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Highlights
Liberty Gold Announces Black Pine Feasibility Study withUS$2.4 Billion NPV(5%) and 60% IRR at $3,250/oz Au
(after-tax)
16-year mine life with life-of-mine average payable gold production of 176,700 oz per year and AISC1 of $1,566/oz Au
Average payable gold production of 202,000 oz per year in Years 1-5
US$411 million initial capital requirement for a large-scale, open-pit, run-of-mine heap leach operation with a 4.04 million oz Au Mineral Reserve
Base case after-tax NPV(5%) to initial capital ratio of 5.8 and payback of 2.0 years
Strong economics across a range of gold prices (after-tax):
NPV(5%) US$4.3 billion and 104% IRR at $4,500/oz Au
NPV(5%) US$1.2 billion and 33% IRR at $2,500/oz Au
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- The FS establishes a 4.04 million oz Probable Mineral Reserve, comprising 433.3 million tonnes grading 0.29 g/t The Probable Mineral Reserve consists of Indicated blocks above a cut off grade of 0.05…
- Mineral Reserves are reported to a cut off grade of 0.05 g/t Au recoverable gold within the designed pit based on a gold price of US$2,250/oz
- Inferred Mineral Resources total 148.8 million tonnes at an average grade of 0.21 g/t Au, containing thousand ounces of gold Indicated and Inferred Mineral Resources are inclusive of Mineral Reserves
- E estimated at a gold cut off grade of 0.10 g/t using a long term gold price of US$2,800 per ounce
- Table: Black Pine Mineral Reserve Estimate Reserve Class Million Tonnes Au Grade (g/t) Contained Gold Ounces (M illion Probable 433.3 0.29 4.04 Total 433.3 0.29 4.04 Notes: The Mineral Reserve…
- Resource conversion and growth: Possible conversion of the Inferred Mineral Resource of million tonne at an average grade of 14 g/t Au and containing 171 thousand oz of potentially recoverable gold…
