Loading ...Developer Lion One Metals has released an updated preliminary economic assessment (PEA) for its wholly owned Tuvatu alkaline gold project, which suggests a high-grade, 1,000 t/d underground operation.
The proposed five-year mine would generate an average of 77,969 gold oz. annually, at all-in sustaining costs of $713 per oz. With an initial capital cost estimate of $66.8 million and based on $1,400 per oz. gold, the after-tax net present value for the proposed build stands at $121.7 million, at a 5% discount rate, with a 50.9% internal rate of return and a 1.7-year payback.