Pasofino Gold Limited (TSXV: VEIN) has engaged MineScope Services Pty Ltd. to conduct a gap analysis and trade-off studies on its Dugbe Gold Project in Liberia. This initiative marks the first phase of a two-phase process aimed at delivering an updated feasibility study (FS) to optimize the project’s economics and advance it toward construction and production.
The July 2022 feasibility study for the Dugbe project outlined a 14-year mine life with a 5Mtpa throughput, an average head grade of 1.30g/t, and average annual gold production of 200,000oz for the first five years. The study estimated a post-tax net present value (NPV) of US$524M at a 5% discount rate, a post-tax internal rate of return (IRR) of 23.6%, and a life-of-mine all-in sustaining cost (AISC) of US$,005/oz, based on a gold price of US$1,700/oz.
Pasofino’s CEO, Brett A. Richards, emphasized the company’s strengthened position following a recent agreement with major shareholder Hummingbird Resources, stating that the updated FS aims to enhance the project’s economic outputs and expedite its progression toward financing and commercial production.
For more information, visit www.pasofinogold.com
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