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Production of gold dore bars in Kostanay region
Industry:
Mining
Stage:
Brownfield
Location:
Kostanay region
101
US$ million
Investments needed
US$ million
NPV
259
59%
IRR
Years
Payback period
4
Key Highlights
1
The Project includes the development of a large gold deposits in Kostanay region with the further processing of gold using gravity leaching technology and production of Dore bars. Final products (Dore bars) are planned to be sold to National Bank of RK
2
The Company’s shareholders invested circa USD15 mln of own funds in exploration and evaluation of deposits, bearing significant level of risk at the initial stage. Currently, the Company is performing ongoing G&G works and its methodology of reserves evaluation has been approved by Wardell Armstrong as the one corresponding to JORC best practices
3
The company is looking for potential strategic or financial partner. The amount of investments and share in a project are subject to negotiations
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