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.
|Bardoc Gold||ASX : BDC|
|Market cap||A$114 m @ 6.6 c|
|Location||Kalgoorlie, Western Australia|
BARDOC INITIATES STUDY ON ACCELERATING PRODUCTION GROWTH AND CASH-FLOW
Cash-flow Optimisation Study aimed at boosting production, margins and cash-flow.
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.
- 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.
For brevity, this Bardoc Gold news summary has been redacted, to read the full news release, please click HERE
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