RNS: POSITIVE DEFINITIVE FEASIBILITY STUDY AT THE DOROPO GOLD PROJECT18 Jul 2024 07:10
Preparation for mining license application underway
Centamin is pleased to provide the outcome of the definitive feasibility study ("DFS") at its Doropo Gold Project ("Doropo") in north-eastern Côte d'Ivoire, including detailed project parameters and economics and an updated Mineral Reserves estimate.
MARTIN HORGAN, CEO, commented: "The results of the DFS demonstrate a robust project that meets Centamin's investment criteria. The project shows a strong first five years with production in excess of 200kozpa at an AISC below US$1,000/oz, delivering an accelerated payback on investment. The DFS has resulted in a plan with significantly lower execution risk, relative to the PFS, reflecting a reconfiguration of the project to reduce its social impact on local communities. We were pleased to receive regulatory approval of the Environmental and Social Impact Assessment and receipt of the environmental permit in June, and will shortly proceed to file the application for a mining license.
Financing options for the project are well advanced, supported by a clear roadmap for early works that will mitigate completion risks. This study underlines our confidence in Doropo's potential to become a commercially viable project, bringing substantial investment and employment opportunities to northeastern Côte d'Ivoire."