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43-101 Report - Jan 2024
(which assumed a long-term gold price of US$1,850/oz)
- The 2024 PFS and PEA was run at a gold price of US$1,850 per Oz
PFS of deposit surface to 320-meters (just above permafrost)
- Reserves 33.9Mt at 2.61g/t Au for 2.8 million ounces contained gold
- Strip ratio: 7.6
- LOM 12-years
- Post-tax NPV (5%) – US$523 million – IRR 21%
PEA from 320-meters to 565-meters
- Mine inventory 43.5Mt @ 2.62g/t Au for 3.7 million ounces contained gold
- Mine plan included ~4.3 Mt @ 2.62g/t Au of inferred (360,000 ounces Au)
- Strip ratio: 16
- LOM 16-years (year 13 through year 29)
- Post-tax NPV (5%) – US$104 million (incremental to PFS) – neg impact by commencing year-13
Resource Estimate
| Category | Tonnes (k) | G/t Au | Au koz |
|---|---|---|---|
| Measured | 6,007 | 2.84 | 548 |
| Indicated | 139,167 | 2.34 | 10,449 |
| M&I | 145,174 | 2.36 | 10,996 |
| Inferred | 40,603 | 2.52 | 3,286 |
| Total | 185,777 | 2.39 | 14,283 |
cut off grade of 0.8 g/t Au
Project Economics
| PFS | PEA | Total | |
|---|---|---|---|
| Reserve/mine inventory | 33,921 | 43,460 | 77,381 |
| Waste (kt) | 257,032 | 719,160 | 976,192 |
| Strip Ratio | 7.6 | 16.5 | 12.6 |
| Head grade (g/t Au) | 2.61 | 2.62 | 2.61 |
| Contained gold (Koz) | 2,847 | 3,658 | 6,505 |
| Post-tax NPV (5%) – US$M | $523 | $104 | $627 |