Ortec Completes Scoping Study at Šturec Deposit

Ortac Resources Ltd (FRA:DFY) announced that it has concluded a scoping study at the Slovakia-based Šturec gold-silver deposit.

As quoted in the press release:

The Scoping Study considered in detail four options for developing and processing the Šturec deposit:

• Scenario 1 (Base Case):  1.5Mtpa open pit operation, at a cut-off grade of 0.75 g/t Au;
• Scenario 2:                          0.75Mtpa open pit operation, at a cut-off grade of 0.75 g/t Au;
• Scenario 3:                          2.0Mtpa open pit operation, at a cut-off grade of 0.44 g/t Au; and
• Scenario 4: (U/G)             1.8Mtpa underground operation.

Potential cash flows for each scenario were modelled using base case metal prices of US$1,200/oz Au and US$22/oz Ag.

Ortec’s CEO, Vassilios Carellas said:

The successful completion of this technical and economic study at the Šturec gold and silver deposit confirms that we have a robust and profitable project with excellent leverage to the gold price.

Click here for the Ortac Resources Ltd (FRA:DFY) press release.