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Thursday, 06/29/2023 1:53:31 PM

Thursday, June 29, 2023 1:53:31 PM

Post# of 1715
Star Royalties Highlights Preliminary Economic Assessment
"... Star Royalties Highlights Preliminary Economic Assessment at Sabre Gold’s Copperstone Gold Mine..."

".... Star Royalties Ltd. ("Star Royalties", or the "Company") (TSXV:STRR)(OTCQX:STRFF) is pleased to highlight the results of a Preliminary Economic Assessment ("PEA") on the Copperstone Gold Mine, announced by Sabre Gold Mines Corp. ("Sabre Gold") (TSX:SGLD, OTCQB:SGLDF) on June 20, 2023.

All amounts are in U.S. dollars, unless otherwise indicated.

PEA Highlights

Robust post-tax economics result in a base case ($1,800/oz gold) after-tax IRR of 50.3%, low initial capital of $36 million and benefit from significant tax assets as well as recently reduced royalty encumbrance.
PEA supports a high-grade gold underground mining operation with an average annual production of 40,765 ounces gold over a 5.5-year mine life with an all-in sustaining cost of $1,290/oz gold.
Sabre Gold will continue to have discussions with potential providers of initial construction capital while earthworks are expected to commence as soon as a formal construction decision is made.

PEA mine plan prioritizes high-grade portions of the resource in early years to result in a payback period of less than two years, while generating nearly $90 million in after-tax cumulative undiscounted cash flow...."

If only Sprott might provide... ?