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St. Augustine Announces Positive Results of the Kingking Copper-Gold Project Updated Preliminary Feasibility Study
NPV 7% of $4.18 Billion After-tax IRR of 34.2% at $4.30/lb Copper / $2,150 Gold 1.9 year Pay...
About this update from St. Augustine Gold & Copper Ltd.
[{"type":"text","content":"St. Augustine Announces Positive Results of the Kingking Copper-Gold Project Updated Preliminary Feasibility Study NPV7% of $4.18 Billion After-tax IRR of 34.2% at $4.30/lb Copper / $2,150 Gold 1.9 year Payback of Initial Capital Costs Initial Capital Estimate of $2.37 Billion After-tax Benefit Cost Ratio of 1.8Reserve Estimate of 960 million Tonnes 849 million Tonnes of Proven and Probable Milling Reserves and 111 million Tonnes of Proven and Probable Leaching ReservesMaterial Regulatory Approvals in PlaceEquivalent Mill Copper Grade of 0.83% for the First Five Years of Milling and 0.58% for the First Twenty Years of Milling Payable Copper and Gold Production is Estimated to be 4.4 billion Pounds (2.0 million tonnes) and 6.9 million ounces (214,000 kilograms) over a 38-Year Mine/Process Life, with Cash Costs of $2.06 per Equivalent Pound of Copper and C1 Cash Costs of $0.32 per Pound of Copper Net of Gold CreditsAnnual Production Average in the first 5 years will be 284 million Pounds (129,000 tonnes) of Payable Copper in cathode and concentrate and 333,000 Ounces (10,340 kilograms) of Payable Gold in Concentrate and Doré metalTotal MPSA Tenement and Land Area St. Augustine Controls for Development has been increased from 1,656 Hectares to Greater than 2,976 Hectares.Planned Tradeoff and Optimization Studies Focus on Chloride Leach to support Low Grade Sulfide Stockpile Copper production at the beginning of mine life / Improved Mill Recoveries / Improved Crushing and Grinding Circuit efficiency for levelized mill throughput at total plant capacitySt. Augustine plans to move the large scale open pit Kingking project through Definitive Feasibility and into production on an optimized scheduleManila, Philippines--(Newsfile Corp. - July 31, 2025) - St. Augustine Gold and Copper Limited (TSX: SAU) (\"St. Augustine\" or the \"Company\") is pleased to announce the results of the updated Preliminary Feasibility Study (\"PFS\") of the Kingking Copper-Gold Project located in Pantukan, Davao de Oro, Philippines. The updated Pre-Feasibility Study allows the Company to initiate work on the Definitive Feasibility Study and expedite the start of construction. The results of the PFS demonstrate extremely robust economics, generating an estimated post-tax net present value (\"NPV\") of $4.18 billion and internal rate of return (\"IRR\") of ...