April 06, 2020
Completion of Black Volta’s feasibility study has resulted in very impressive numbers:
- 116 koz p.a. @ 2.2 g/t (first 10 years)
- 2.8 Moz @ 1.7 g/t Resource
- 1.32 Moz @ 1.8 g/t Reserve
- 91.1% overall gold recovery
- Capex of US$147 million, NPV(5%) US$368 million post tax (@ US$1,650/oz gold price)
- IRR 31% post-tax, payback period of just 24 months
- US$78 million EBITDA per annum for the first 10 years of mine production
Ibaera’s focus now immediately turns to completion of funding to commence construction.
