Predictive Discovery has announced a A$50-million raising to advance the project.
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Booyco Electronics~FLSmidth~Immersive Technologies~Integrated Pump Rental ~Integrated Pump Technology~Multotec~Pilot Crushtec~Schneider Electric~Trafo Power Solutions~WEG~Weir Minerals AfricaA prefeasibility study has outlined robust production and financial metrics for the project, confirming its status as one of the most exciting development projects worldwide.
The ore reserve case proposes a mine life of 11 years, processing 5.5-million tonnes a year of material for average production of 256 000 oz/y of gold. Total gold production is estimated at 2.82-million ounces, from mill feed of 57.7-million tonnes at 1.64 g/t gold containing 3.05-million ounces of gold.The production target and forecast financial information comprise, on a contained gold basis processed basis, 87.2% indicated mineral resources or probable ore reserves and 12.
Conventional drill, blast, truck and shovel methods will be used for the NEB openpit. The NEB underground orebody will be mined using transverse longhole open stoping with paste fill.The ore reserve case delivers a pretax net present value , at a 5% discount rate, of 848-million and an internal rate of return of 30.3% at a gold price of $1 800/oz of gold, with a payback of 1.5 years.
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