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Tuesday, November 05, 2013 4:14:09 PM
DRA Mineral Projects, Africa's leading mine builder has been retained to complete the Molo BFS and subject to project financing, will be subsequently commissioned for design, construction and operation of the future mine. It should be noted that the BFS will incorporate revised CAPEX and OPEX numbers generated from the latest enhanced and optimized metallurgical results versus the existing data that was used and reported in the Company's latest PEA study. This is expected to have a positive impact on the already robust Internal Rate of Return ("IRR") and Net Present Value ("NPV") of the Project.
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