Dundee to optimise Serbia project following PEA

16th July 2019

By: Creamer Media Reporter

     

Font size: - +

TSX-listed Dundee Precious Metals has announced the results of a preliminary economic assessment (PEA) for its Timok gold project, in Serbia, providing a foundation upon which the project will now be optimised.

The PEA, prepared by CSA Global Consultants, is based on Timok producing 132 000 oz/y at its peak, at an all-in sustaining cost of $717/oz, over a nine-year mine life.

The mine will require an initial capital outlay of $136-million.

The PEA estimated an after-tax net present value of $105-million and an after-tax internal rate of return of 18.6% for the project, which has a payback period of 4.1 years.

Dundee says it will explore optimisation opportunities for the project, explaining that PEA’s mining scenario targeted primarily oxide and transitional material types, with limited amounts of higher grade sulphide material included. The company will evaluate a scenario that targets additional sulphide material.

A parallel optimisation of recoveries, processing strategies and throughputs to balance the processing methods with the adjusted feed materials could also generate additional value.

Additional metallurgical testwork will also provide opportunities for optimisation of the processing methods, costs and recoveries for all gold-bearing material types. The previous testwork done on flotation recoveries pre-dates the reclassification of the deposit into oxide, transitional and sulphide materials. Dundee states that further flotation testwork on specifically what is now classified as sulphide material, excluding the oxide and transitional materials, could result in improved performance.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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