EnviroGold Global announces positive results for Hellyer Tailings project assessment

EnviroGold Global CEO, Dr. Mark Thorpe, said:

“This is an exciting validation of the potential economic value of our project at Hellyer, and the wider applicability of our technology to drive enhanced resource recoveries. We will be able to further refine our scientific and technical parameters as we progress to construction and metal production.”

“We look forward to replicating these results at other project sites in the near future.”

Highlights

• 9 million t of total tailings feed.
• 965 000 oz Au equivalent (oz AuEq) of gold, silver, copper, zinc.
• After – Tax net present value (NPV) discounted at 10% of US$175 million.
• After – Tax internal rate of return (IRR) of 66%.
• After – Tax net cash flows of US$350 million over an eight-year operating life.
• All-in sustaining cost US$1127/oz AuEq, around US$100/oz less than the industry average.

Hellyer tailings resource The estimated total available tailings feed for the Project is about 5.49 million t of Type 1 tailings, and 3.73 million t of Type 2 tailings for a total NI 43-101 inferred resource of around 9 million t. The mineral resource estimate is reported in accordance with NI 43-101 guidelines for current Type 1 and Type 2 tailings and has an effective date of 30 April 2022.

Read the article online at: https://www.globalminingreview.com/mining/14102022/envirogold-global-announces-positive-results-for-hellyer-tailings-project-assessment/