Preliminary Economic Assessment
Preliminary Economic Assessment results in November 2018 indicate pre-tax IRR of 51% at a current gold price of US$1250, with a low cost base and strong leverage for higher gold prices. The PEA Fact Sheet can be downloaded here.
Key Economic Parameters
|Cash Flow||US$ millions||441||372|
|NPV 5%||US$ millions||319||264|
|NPV 10%||US$ millions||233||188|
|Initial Capital||US$ millions||184|
|Life of Mine Production||Moz gold||1.1|
|Average Annual Production||oz gold||130,000|
|Payback Period (Mine Life)||years||1.9 (of 8.1 years)|
Details are reported in press release dated Nov 16, 2018 titled '51% IRR from PEA at TriStar Gold’s Castelo de Sonhos Project’
The PEA has outlined several areas for future work to enhance and continue to de-risk the project. TriStar intends to undertake additional drilling with the aim to further expand mineral resources and increase confidence.