Eyes on the prize!2 Oct 2025 08:12
From the RNS:
· The Boards of both co-lending banks and of the Group companies have approved and are expected to sign the formal commitment of the project loan facilities within the coming week. KEY ELEMENT OF PROJECT FUNDING IN PLACE
· The construction contracts have been finalised for signing upon drawdown of equity. A KEY PIECE OF WORK RECENTLY COMPLETED
Project economics
The life-of-mine projected operating metrics remain consistent with recent guidance, including all-in sustaining costs (AISC) of c.US$1,100/oz and first full year production of 160koz from the open pit. Annual production is planned to then increase with the introduction of initial underground production. Year 1 net operating cash flow is projected at c.US$200 million at a US$2,500/oz gold price and c.US$300 million at a US$3,500/oz gold price, from the open pit with processing at nameplate capacity. WOW!!