RE: SHG1 Feb 2021 09:21
Good summary here: https://twitter.com/Martin_AIM_77/status/1338507532361469954?s=20
Shanta has total gold resources of 3.2 million oz grading 3.58 g/t across all three of its assets in Tanzania.
Fully funded Exploration
$45m cash (will pay debt $11.8m in Q1 2021)
divi pay April 2021
Plant expansion to be completed beginning of 2021
Luika Mine:
$100m EBITDA
$50m cash generation
AISC US$883 /oz
80,000 - 85,000 oz reiterated for 2020
Reserves increased when Shanta drilled 2019-2020
West Kenya:
NPV US$340 m
IRR 110% at $1,700/oz
AISC of US$681 /oz
annual gold production of 105,000 oz
150km of drilling over next 24 months with a lot of catalysts with reserves update
infill drilling to target 786koz at 12.82 g/t
Singida Project (in construction)
NPV US$73m
IRR of 59% at a US$1,900/oz
AISC of US$869 /oz
infill drilling 2021
adding 110,000 oz on 1st year
potential resources of 9.8 Mt grading 2.11 g/t for 664koz outside project economics within Mining Licenses