Wa Gold Project hits 1.0 Moz ore reserve

February 28, 2019

The Wa-Lawra gold project, of which Ibaera owns rights to 42.5%, recently announced a 65% increase in the ore reserve to 1,028,200 ounces (18 Mt @ 1.77 g/t Au).

The same announcement also provided an update to the economic forecast for the project:

  • US$177M NPV (5%) and 35% IRR (pre-tax, post govt royalty)
  • US$270M net cash flow (pre-tax, post govt royalty)
  • 1.6 year payback of US$117M establishment capital
  • 11-year operation, averaging 100,200 ozpa (years 1-8)
  • 2.06 g/t Au average process grade (years 1-8)
  • CIL plant of up to 2.3 Mtpa (oxide ore)
  • Establishment capital intensity of US$114/ore reserve ounce

The project continues to target September 2019 for completion of final feasibility and decision to mine shortly thereafter.

Ibaera in Denver in September MORE NEWS An honour for Dr Jon Hronsky