A scoping study into the Mandilla gold project, in Western Australia, has estimated that the project could produce some 845 000 oz of gold over an 11-year mine life. ASX-listed Astral Resources on Thursday said that the project would require a pre-production capital spend of some A$191-million, and could generate a free cash flow of A$740-million at a gold price of A$2 750/oz, with the net present value estimated at A$442-million and the internal rate of return at 73%.
PERTH – A scoping study into the Mandilla gold project, in Western Australia, has estimated that the project could produce 845 000 oz of gold over an 11-year mine life.
“We are pleased that the Mandilla scoping study has confirmed the potential for Mandilla to become a highly profitable standalone gold operation,” sad Astral MD“Mandilla is situated in the premier Goldfields region of Western Australia and is firmly established as one of the best free-milling, openpit resources in this district in both scale and quality of project.
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