Nachdem Goldproduzent Agnico-Eagle Mines (NYE:AEM) vor kurzer Zeit eine Übernahmeofferte für Explorer Cayden Resources (TSX:V:CYD) gestartet hat (Link), folgt heute der Juniorminer Newstrike Capital (TSX-V:NES) mit einer ansehnlichen Nachricht und einem großen Fortschritt in der Projektentwicklung: Die PEA für das Flaggschiff-Vorkommen Ana Paula kann sich durch die Bank sehen lassen.
September 15, 2014 07:00 ET
Newstrike Capital Reports Robust PEA on Ana Paula Project
Pre-tax NPV@5% of U.S.$405.3 Million and IRR of 47.5%
Average Annual Gold Production of 116,000 Ounces; All-In Sustaining Costs of US $567/Au oz
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 15, 2014) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Newstrike Capital Inc. ("NES" or the "Company) (TSX VENTURE:NES) reports the results of an independent technical report developed in accordance with CIM guidelines for a National Instrument 43-101 Preliminary Economic Assessment ("PEA") on its Ana Paula Project ("Ana Paula" or the "Project") located in the prolific Guerrero Gold Belt, Mexico.
This study indicates that Ana Paula is a robust, high margin, rapid payback, 8.2-year open pit mining project that benefits from high gold grades with a low strip ratio. The Ana Paula project has excellent access to infrastructure and is located in an established mining jurisdiction.
The PEA study was prepared by JDS Energy & Mining Inc., under the direction of Thomas H. Bagan, Vice President, Project Development (Newstrike).
The reader is advised that the preliminary economic assessment summarized in this press release is only intended to provide an initial, high-level review of the project. The PEA mine plan and economic model include the use of inferred mineral resources which are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the preliminary economic assessment will be realized.
All dollar amounts in this release are stated in US currency.
PEA HIGHLIGHTS - Base Case at $1,300 Au & $20 Ag per ounce
- Pre-tax NPV@5% of $405.3 million, IRR of 47.5% with a 2.0 year payback
- After-tax NPV@5% of $232.1million, IRR of 32.8% with a 2.4 year payback
- Initial capital costs of $163.9 million (Total life-of mine ("LOM") - $219.7 includes sustaining/closure costs of $55.8 million and contingency costs of $36.2 million)
- Open pit mine with 6,000 tonne per day ("tpd") gravity/flotation/CIL process plant
- Cash costs of $527/ oz gold, $486/oz gold Net of By-Product credits
- All-in sustaining costs ("AISC") of $567/oz gold, $526/oz gold Net of By-Product credits
- Average annual production of 116,000 gold ounces and 239,000 silver ounces over a 8.2 year mine life
- LOM average head grades of 2.24 g/t gold and 6.89 g/t silver
- LOM gold and silver recoveries of 75% and 50%, respectively
- LOM strip ratio of 2.60 to 1 of waste to mineralized material
"This PEA supports our view Ana Paula is one of the best development-stage gold projects in Mexico. It is a straightforward open pit mine, utilizing conventional milling and flotation concentration with robust economics. The combination of high gold grades, low capital requirements with low operating costs makes this a compelling development project," commented Richard Whittall, President and CEO of Newstrike. "With a positive PEA in hand, our next step is to evaluate the significant underground potential at Ana Paula and to support high priority exploration targets in this prolific gold belt."
In management's view, the economics concluded by the PEA provide a strong incentive for continued geotechnical, metallurgical and engineering studies. Newstrike believes there are excellent opportunities to refine various project elements and improve the economics through gold recovery optimization..
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