DFS for Aureus’s Liberty Gold Shows Technically Feasible and Economically Robust Project

Aureus Mining Inc. (TSX:AUE, AIM:AUE) announced results from the Definitive Feasibility Study for their  New Liberty Gold Project in Liberia.

As quoted in the press release:

The DFS outlines an economically robust gold project based on a flat gold price of US$ 1,400 / oz – moreover, the Project has been extensively de-risked from design, operational and environmental perspectives. Capital and operating costs are estimated to a higher level of accuracy.  The DFS has increased the average production profile for the first six years. New Liberty will be Liberia’s first commercial gold mine.

Aureus’s CEO, David Reading, said:

This work has improved the project in terms of mining and plant designs and the layout of the waste and plant infrastructure. The work has now been completed to a greater level of detail than in the previously published study and the Company feels that the overall result is a project that is significantly de-risked with an optimum design, resulting in lower cash costs as well as lower capital expenditure for the building of the mine. New Liberty is a robust and very competitive West African project due to its cash operating costs, a modest capital outlay, excellent grade and rapid return on investment criteria.

To view the whole press release, click here.