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RTG Mining Releases Feasibility Study for Mabilo Project
Mar. 21, 2016 11:17AM PST
Base Metals Investing RTG Mining (TSX:RTG) has released results of an independent Feasibility Study for its Mabilo copper-gold project. Highlights of results included a 33 percent after tax IRR, a 33 percent increase in NPV and lowest-quartile costs of US$0.80 per pound of copper equivalent for concentrate production.
RTG Mining (TSX:RTG) has released results of an independent Feasibility Study for its Mabilo copper-gold project. Highlights of results included a 33 percent after tax IRR, a 33 percent increase in NPV and lowest-quartile costs of US$0.80 per pound of copper equivalent for concentrate production.
As quoted in the press release:
The Feasibility Study demonstrates the potential for Mabilo to outperform, specifically reinforcing the resilience of the Project despite current commodity prices. The Project is both high grade and low cost underpinning the robust economics presented in the FS including a 33% IRR after tax (43.6% with only a 10% lift in commodity prices) and an equivalent operating cost of US$0.80/lb copper equivalent for concentrate production.
RTG Mining CEO, Justine Magee, said:
RTG targets high grade, low operating cost gold projects with low technical and Project risk. Since investing in the Mabilo Project in June 2014, the Company has added significant value through rapid and successful exploration to delineate a substantial resource (see November 11, 2015 press release), and again in maintaining this accelerated pace through to a full FS in less than 15 months from the maiden resource. The high quality resource at Mabilo presents RTG with an excellent near term development opportunity that is financially robust, attractive to potential debt providers, and with additional drilling the resource is expected to grow further, which will only enhance the already strong financials. We look forward to first production and to bringing continued value to our shareholders.