Migori gold project6 Aug 2025 08:15
In 2014 the company published a PEA on the project
Highlights
As reported on 17th January 2014, this study constitutes a Preliminary Technical and Economic Assessment on the viability of the 200,000oz Au Nyanza deposit as a stand-alone open pit operation. Red Rock is pleased to announce:
Β· Projected life of mine revenue from gold sales of US$95 million (at US$1,200/oz Au price)
Β· Capital cost of US$3 million recoverable within first 6 months of operation
Β· Production of approximately 80,000oz of gold over 9 years mine life
Β· This option gives a pre-tax NPV (at a 10% discount rate) of $8 million
A review of all existing technical information and a site visit was carried out by South Africa-based geological and mining consultancy, Applied Geology and Mining Ltd ("AG&M") in Q1 2014. This initial study has confirmed a potentially viable open pit gold mining operation with average operating cost of US$958/oz of gold recovered.
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NPV $8m
Based on $200 margin per Oz
Tot day gold price nearly 3x
And margin now over $2000 per oz vs $200 back then
$8m NPV x 10 ?
Project fundamentals significantly improved !
https://www.lse.co.uk/rns/RRR/positive-update-from-migori-project-kenya-1w64t4j5yrktexp.html
One of many catalysts for RRR entering a gold bull run Letβs
Mkt cap just Β£2m