Black Volta Gold Feasibility is completed

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.

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