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Rockhaven Announces Robust PEA with Post-Tax $378M NPV(5%) and 37% IRR for Its Klaza Gold-Silver Project, Southern Yukon
VANCOVUER, BC / ACCESSWIRE / July 13, 2020 / Rockhaven Resources Ltd. (TSXV:RK) ("Rockhaven"...
About this update from Rockhaven Resources Ltd.
[{"type":"text","content":"Rockhaven Announces Robust PEA with Post-Tax $378M NPV(5%) and 37% IRR for Its Klaza Gold-Silver Project, Southern YukonVANCOVUER, BC / ACCESSWIRE / July 13, 2020 / Rockhaven Resources Ltd. (TSXV:RK) (\"Rockhaven\") is pleased to announce the results of an updated Preliminary Economic Assessment (\"PEA\") for its 100%-owned and road-accessible Klaza Deposit, located in the Dawson Range Gold Belt of southern Yukon.PEA Highlights:Highlights from the PEA, with a base case gold price of US$1,450/oz and an exchange rate of C$1.00 equal to US$0.72 are as follows (all figures in Canadian Dollars unless otherwise stated):Pre-Tax NPV(5%) of $529 million and an IRR of 45%, and a Post-Tax NPV(5%) of $378 million and an IRR of 37%;Using a +/- 20% sensitivity analysis for gold price, Post-Tax NPV(5%) of $540 million and 49% IRR at US$1,740/oz gold and a Post-Tax NPV(5%) of $211 million and 24% IRR at US$1,160/oz gold;12-year mine life producing total payable metals of approximately 750,000 ounces gold and 13.8 million ounces silver;Initial capital costs of $244 million, which includes $32 million in contingency costs. Life-of-mine (\"LOM\") sustaining capital costs total $114 million;Average LOM operating cash cost of US$613/oz AuEQ* and total all-in sustaining cost of US$875/oz AuEQ*;Annual payable metal production exceeds 100,000 ounces AuEQ in years three through seven; and,Only the upper portions of three out of eleven known mineralized zones are included in Mineral Resources evaluated by this PEA, and there is excellent potential for value enhancement through additional exploration.\"This study demonstrates that Rockhaven's Klaza Deposit could support a mine with a long life and robust economics,\" stated Matt Turner, President and CEO of Rockhaven. \"Since the last economic study was completed in 2016, closer spaced drilling has better defined the upper portions of the deposit, resulting in higher average grades in a superior resource category. We are very pleased with the results of this PEA and look forward to continuing to add value through additional discoveries while advancing the deposit through Pre-Feasibility. At its current ~C$35 million market capitalization, Rockhaven offers investors one of the most compelling valuations in the sector.\"AMC Mining Consultants (Canada) Ltd. (mineral resource, mining, infrastructure and finan...