Bardoc Gold (ASX: BDC)

Announced a Cash-flow Optimisation Study aimed at increasing the gold production rate, margins, and free cash-flow during the first five years of operations at their 3 Million Oz Au gold project, located north of Kalgoorlie.

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Bardoc Gold	ASX : BDC
Stage	Exploration
Metals	Gold
Market cap	A$114 m   @ 6.6 c
Location	Kalgoorlie, Western Australia

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BARDOC INITIATES STUDY ON ACCELERATING PRODUCTION GROWTH AND CASH-FLOW

 

Cash-flow Optimisation Study aimed at boosting production, margins and cash-flow.

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Bardoc Gold (ASX: BDC) Announced a Cash-flow Optimisation Study aimed at increasing the gold production rate, margins, and free cash-flow during the first five years of operations at their 3 Million Oz Au gold project, located north of Kalgoorlie.

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Key Points:

• Bardoc Gold initiates study on improving the already robust Definitive Feasibility Study (DFS) for its flagship 3Moz gold project just north of Kalgoorlie.
• DFS key highlights include:
  − Average annual gold sales of 135,760oz over 8.2 years of mill production;
  − Life-of-mine (LOM) pre-tax cash-flow of A$740M at a A$2,250/oz gold price;
  − Pre-tax NPV (6%) of A$479M and 41% IRR;
  − Pre-production capital of A$177M with 32-month payback from  production commencement;
  − LOM All-In Sustaining Costs (AISC) of A$1,188/oz.

• Revised mine plan indicates potential for gold production to be significantly increased during the first 5 years of operations.
• Improved free cash-flow in early years to provide better returns for shareholders.

• Operationally simpler mine plan with earlier establishment of the flotation circuit to de-risk the project.

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For brevity, this Bardoc Gold news summary has been redacted, to read the full news release, please click HERE

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At the time of writing the author holds shares in Bardoc Gold bought in the market at the prevailing price on the day of purchase.

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