https://www.engineeringnews.co.za

Kore Mining's California project can produce 146 000 oz/y

7th April 2020

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

North America-based Kore Mining has published a positive preliminary economic assessment with compelling project economics for the Imperial Oxide gold deposit, in California.

The assessment determines a net present value (NPV) for the project of $343-million, with a 44% internal rate of return at a $1 450/oz gold price.

At a recent spot price of $1 620/oz, the project has a NPV of $464-million.

The project has a pre-production capital cost requirement of $142-million and it can produce 146 000 oz/y over eight years, amounting to 1.2-million ounces of production over the mine life.

Kore says it is technically a simple project, with a shallow openpit and run-of-mine heap leach, which can be done with existing infrastructure.

The assessment also finds that the project’s value can be enhanced by exploring the Mesquite-Imperial-Picacho district, which captures 28 km of strike from TSX-listed Equinox Gold’s Mesquite mine to the historic Picacho heap leach mine.

Kore COO Marc Leduc says the company will move the project into permitting phase later this year, following an update to the plan of operations, which is a key document required for the permitting process.

Kore aims to make a construction decision within three years from submission of the plan of operations.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Roytec Global (Pty) Ltd
Roytec Global (Pty) Ltd

Roytec Global is an international company specializing in liquid / solid and mineral separation technologies for the Mining and Industrial sectors.

VISIT SHOWROOM 
Virtual Gas Network (Pty) Ltd
Virtual Gas Network (Pty) Ltd

Virtual Gas Network supplies compressed natural gas via a virtual gas distribution network.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.047 1.009s - 140pq - 2rq
Subscribe Now