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Block 14 gold project, Sudan

1st February 2019

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Block 14 gold project.

Location
Sudan.

Client
Orca Gold.

Project Description
A feasibility study has clearly demonstrated the solid economics and scope of the proposed development and operation at Block 14.

The project has probable reserves of 79.94-million tonnes grading 1.11 g/t gold, indicated resources of 79.9-million tonnes grading 1.3 g/t gold and inferred resources of 18.5-million tonnes grading 1.2 g/t gold.

The preferred mining option selected for Block 14 is a conventional truck-and-shovel openpit operation feeding a mineral processing circuit incorporating primary crushing, semiautogenous and ball mill grinding, followed by carbon-in-pulp leaching, stripping and electrowinning.

The mine will produce an estimated 900 000 t of waste stripping and 350 000 t of ore, which will be stockpiled.

The mining will be completed in eight years at an average mining rate of 22-million tonnes a year.

A low-grade stockpile (average 0.71 g/t) will be created that will enable the processing of higher-grade ore for the first seven years of the mine life, with an average grade of 1.49 g/t. The stockpiled ore will be treated over the last 6.6 years.

Potential Job Creation
Preproduction will enable the training of the mining crews.

Net Present Value/Internal Rate of Return
The project has an estimated net present value, at a 5% discount rate, of $403-million and an internal rate of return of 24.2%, with a payback of 3.9 years.

Value
Preproduction costs are estimated at $328-million.

Duration
Not stated.

Latest Developments
None stated.

Key Contracts and Suppliers
Lycopodium Minerals (study manager); MPR Geological Consultants (mineral resource); Deswik Europe (mining); MPH Minerals Consultancy (metallurgy); GCS (hydrogeology); Mineesia (environment) and Knight Piésold (tailings).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Orca Gold, tel +1 604689 7842, fax +1 604689 4250 or email info@orcagold.com.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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