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REPUBLIC GOLD LIMITED

ASX: RAU

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Description

Republic Gold Limited is currently focusing on developing the 1.1 million ounce plus Amayapampa Gold Project (100% owned) in South Eastern Bolivia and the creation of shareholder wealth through the exploration and development of this significant economic mineral deposit.

The Amayapamapa Project

A BANKABLE FEASIBLITY STUDY was completed on the Amayapampa Gold Project on 5th August 2010. The Project is located 380 km southeast of La Paz, on the Altiplano of south western Bolivia, at an elevation of 4,100 metres. Mineralisation at the project is as free gold in association with pyrite, in a structural envelope of sheared quartz veins in black argillites with quartzite and siltstone interbeds. The measured and indicated resources total 26.8 million tonnes grading 1.1 g/t Au (at 0.4 g/t cutoff) resulting in a total of 979,000 ounces representing an increase of 48% from 2007 resources. These gold resources were delineated by over 20,000m of RC and diamond core drilling, surface trench, shaft and underground channels.

Key BFS Outputs

Amayapampa BFS successfully completed an estimated ore reserve of 19,900,000 tonnes at 1.3 Au g/t for 817,000 contained ounces is the impetus for planned acceleration of near-mine exploration programme to extend resource base.
Preliminary Project pre-tax NPV at US$925 per ounce is US$166M, and at US$1,200 per ounce is US$340M.
Capital required to commence production is US$136M.
Conservative gold price assumption used of US$925 per ounce.
683,700 ounces to be produced over 7 years.
Expected average annual production of 93,700 ounces from 2,737,500 tonnes per annumtreatment plant.
High measured & indicated resource to ore reserve conversion of 83.5%.
Strong cash operating margin and very robust project.
Cash operating costs of US$13.19 per tonne treated, or US$384 per ounce.
Significant upside on operating margin -average metallurgical recoveries of 83.8%.
Low cost open pit mining scenario, with low stripping ratio of 3.0 to 1.0 achieved using conservative pit design parameters.
All critical permits and licensing secured including Amayapampa Social License.
The Company to continue optimising various BFS elements prior to project go-ahead.

Mine For

gold

Location of operation(s)

Bolivia

Address

Level 3 70 Pitt St
SYDNEY, NSW, AUSTRALIA

Phone

(61 2) 9220 9500

Email

Website


Last Updated

30/01/2014

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.