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.

Drilling to Commence in Serbia MORE NEWS Ibaera acquires new assets in Serbia