.4 Oct 2022 09:37
The batangas project.
The project has a maiden reserve of 128,000 ounces of gold (including silver credits) which included 100,000 ounces at 4.2g/t (grammes per tonne) gold.
A pre-feasibility study that showed the project would produce a free cash flow (after capital costs) of A$46million based on the maiden reserve.
The project has an additional 320,000 ounces of majority JORC Inferred resources that are available for future conversion.