Rokmaster reports 'robust' PEA for Revel Ridge
Expected after-rax NPV of C$454 million at a 5% discount rate
Rokmaster Resources announced "robust results" from the preliminary economic assessment for its Revel Ridge project in British Columbia, Canada. The PEA is based on an underground mining scenario with on-site treatment of the mined material.
Rokmaster's flagship project is expected to have an after-tax net present value of C$454 million and an internal rate of return of 21.1% at metal prices of US$1850/oz gold, US$23/oz silver, US$1.26/lb zinc, and US$0.9/lb lead, following an initial capital cost of C$588 million.
Revel Ridge is set to produce 158,000oz of gold equivalent annually over an 11.4-year life-of-mine at a 2920tpd processing rate.
Rokmaster said that the assessment demonstrates the project's ability to become a long-life and polymetallic gold-silver mine, adding that "Revel Ridge has an upside potential to expand current mineral resources through ongoing exploration diamond drilling, both down dips, along on-strike and on other occurrences".
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- Rokmaster outlines 2,300tpd operation in Revel Ridge PEA
The project has measured and indicated resources of 15.3Moz of gold equivalent contained within 7.16Mt at an average grade of 6.63gpt gold equivalent and inferred resources of 1.49Moz contained within 7.56Mt at an average grade of 6.11gpt.
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