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Bardoc gold project, Australia

15th May 2020

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Bardoc gold project.

Location
The project is located in the Eastern Goldfields region of Western Australia.

Project Owner/s
Bardoc Gold.

Project Description
Bardoc is considered to be one of the best undeveloped gold projects in the Eastern Goldfields. The project has maiden openpit and underground probable ore reserves of 10.4-million tonnes grading 2.4 g/t for 780 000 oz. The project has the potential to deliver average production of 135 000 oz/y of gold over seven years.

A prefeasibility study (PFS) has envisaged a standalone mining and processing operation with a nominal throughput of 1.8-million tonnes a year, comprising a conventional carbon-in-leach processing circuit incorporating a flotation circuit to produce gold concentrate.

Peak production is estimated at more than 150 000 oz/y for five years.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at an 8% discount rate, of A$332-million and an internal rate of return of 32%, based on a PFS gold price of A$2 100.

At a spot gold price of A$2 530, the project has a net present value, at an 8% discount rate, of A$600-million and an internal rate of return of 55%.

The project has a payback of 32 months from the start of production.

Capital Expenditure
The project is estimated at A$142.4-million.

Planned Start/End Date
Not stated.

Latest Developments
The PFS covers only the Aphrodite, Zoroastrian, Excelsior and Bulletin deposits, with significant upside through Bardoc’s numerous satellite deposits and regional exploration.

Ongoing in-fill drilling to upgrade inferred resources and drilling at key satellite deposits will underpin the next mineral resource upgrade in the third quarter of 2020.

Key Contracts and Suppliers
None stated.

Contact Details for Project Information
Bardoc Gold, tel +61 8 6215 0090.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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