The PEA thought of an open pit mine, 120,000 tonne per day concentrator, and a 25,000 tonne per day gold heap leach facility for an preliminary capital outlay of $3.25 billion and a 25-year mine life. Mineralized materials totalling 1.3 billion tonnes can be processed.
Paul West-Sells, president and CEO, mentioned the examine “reaffirms On line casino as one of many only a few long-life copper-gold initiatives with sturdy economics in a prime mining district, the Yukon.”
Western has been growing On line casino since 2006 and already spent $75 million on the challenge in west central Yukon, 200km upstream of Dawson Metropolis alongside the Yukon river.
The examine, primarily based on an up to date useful resource estimate from July final yr, outlines an after-tax internet current worth (8% low cost) of $2.3 billion and an after-tax inside fee of return of 19.5%. Money circulation over the primary 4 years of operation can be $965 million per yr at metallic costs of $3.35/lb copper, $1,600/oz. gold, $24/ouncessilver, and $12/lb molybdenum.
The PEA additionally examined a second section of improvement that may prolong the mine life to a complete of 47 years utilizing the unique concentrator and a secondary tailings facility. A mixed section one and two development provides little to pre-production capital prices and solely $1.1 billion to total sustaining capital.