PEA reaffirms Roscan Gold's confidence in Mali project
Canadian gold exploration company Roscan Gold Corporation reports that a preliminary economic assessment (PEA) for its Kandiolé gold project, in Mali, has estimated a robust $1.29-billion net present value and an 85% internal rate of return under prevailing gold prices, reaffirming the company's confidence in the project's potential. “We have a high degree of confidence in this study, which is based on straightforward parameters, including a conventional contract mined openpit operation feeding a centralised carbon-in-leach plant, with almost all the ore processed sourced from indicated resources. Importantly, most of the planned mill feed comes from only three of the six deposits included in the resource estimate, highlighting meaningful upside through additional drilling," comments Roscan president and CEO Nana Sangmuah.
Canadian gold exploration company Roscan Gold Corporation reports that a preliminary economic assessment (PEA) for its Kandiolé gold project, in Mali, has estimated a robust $1.29-billion net present value and an 85% internal rate of return under prevailing gold prices, reaffirming the company's confidence in the project's potential. “We have a high degree of confidence in this study, which is based on straightforward parameters, including a conventional contract mined openpit operation feeding a centralised carbon-in-leach plant, with almost all the ore processed sourced from indicated resources. Importantly, most of the planned mill feed comes from only three of the six deposits included in the resource estimate, highlighting meaningful upside through additional drilling," comments Roscan president and CEO Nana Sangmuah.
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