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Mawson Delivers US$211 million NPV5 (post-tax) from Rajapalot PEA
VANCOUVER, BC / ACCESSWIRE / October 20, 2022 / Mawson Gold Limited ("Mawson" or the "C...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson Delivers US$211 million NPV5 (post-tax) from Rajapalot PEAVANCOUVER, BC / ACCESSWIRE / October 20, 2022 / Mawson Gold Limited (\"Mawson\" or the \"Company\") (TSX:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) is pleased to announce the results of the maiden preliminary economic assessment (\"PEA\") on its 100% owned Rajapalot gold-cobalt project (\"Rajapalot\", or the \"Project\") in northern Finland.The PEA considers a target 1.2 million tonnes per annum underground mining operation over a period of 9 years with an on-site processing facility to produce gold doré and cobalt concentrate. (Unless otherwise stated, all currency references are in US dollars)Highlights:Robust economics underscores significant value of current resource base$211 M post-tax NPV5 (real) using $1,700/oz gold (\"Au\") and $60,000/t cobalt (\"Co\")AISC1 $824/oz Au life of mine (\"LoM\")>92 koz gold equivalent \"AuEq2\" steady state average production rate. 9 year LoM producing ~700 koz Au and ~2800 t CoA significant European mineIf in production today, Rajapalot could be the EU's third largest cobalt mine and sixth largest gold mineEthical metals sourcing with majority local support and 100% renewable power27% post tax IRR, $191 M initial capexStrong cashflows, with $338 M free cash flow in years 1 to 5, and $101 M in LoM cobalt by-product revenues100% owned low-cost project in Tier 1 locationUnderground only operation, utilising predominately long hole open stoping95% Au recovery with conventional gravity-CILLow infrastructure needsPEA underpins project to leverage substantial resource growth potentialRajapalot deposits are all open at depth, highlighted by the deepest intersection in Palokas of 30.8 m @ 5.1 g/t AuEq from 553 m (announced August 3, 2021).18,000 ha land package with undrilled targets between the project area and other significant gold occurrences such as the Rompas discovery (highlight 6 m @ 617 g/t Au, announced May 31, 2012) 8 km west of Rajapalot.AISC is a non-IFRS metric. For definition see Technical Background section below.AuEq production figures calculated using metal prices $1,700/oz Au and $60,000/t Co. AuEq = Au oz + (Co t x 35.3).Mr. Fairhall, CEO of Mawson Gold, comments\"This is the first project wide techno-economic assessment that underpins the significant value of Rajapalot - to Mawson, and to Europe. These incredibly ...