Ecuador Resources

[Lone Clone]

SolGold Announces Completion of New Cascabel Pre-Feasibility Study

https://www.accesswire.com/834415/solgold-plc-announces-completion-of-new-cascabel-pre-feasibility-study

Friday, 16 February 2024 02:20

Announces Successful Completion of New Cascabel Pre-Feasibility Study with
Significantly Reduced Initial Capital Cost and 24% Internal Rate of Return

$5.4bn pre-tax Net Present Value ("NPV8%") and 33% internal rate of return ("IRR")
$3.2bn after-tax NPV8%, 24% IRR and 4-year payback period from the start of processing[1]
Average production[2] of 123ktpa of copper, 277kozpa of gold and 794kozpa of silver - 182ktpa copper equivalent ("CuEq")[3] - with peak[4] copper production of 216ktpa (370ktpa CuEq)
Pre-production capital of $1.55bn for the initial mine development, first process plant module and infrastructure
85% of Mineral Reserves are classified as Proven in updated Mineral Reserve Estimate
Initial 28-year mine plan of 540Mt containing 3.2Mt Cu @ 0.60%, 9.4Moz Au @ 0.54 g/t and 28Moz Ag @ 1.62 g/t based on the updated Mineral Reserve Estimate[5]
The Project economics have been calculated based on the economic terms and conditions previously negotiated with the Ecuadorian Government[6]

BISHOPSGATE, UK / ACCESSWIRE / February 16, 2024 / SolGold (LSE:SOLG)(TSX: SOLG)