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TriStar Gold Announces Positive PFS with 1.4 Moz Gold Reserves and Pre-Tax 33% IRR and $400 Million NPV
After-tax NPV 5% of US$321 million at $1,550 base-case gold price A compellin...
About this update from Tristar Gold Inc.
[{"type":"text","content":"TriStar Gold Announces Positive PFS with 1.4 Moz Gold Reserves and Pre-Tax 33% IRR and $400 Million NPVAfter-tax NPV5% of US$321 million at $1,550 base-case gold priceA compelling after-tax IRR of 28% for a large scale, development asset in a mining-friendly mining jurisdictionPhase 1: average annual gold production of 146,000 ouncesPhase 2: average annual gold production of 91,000 ouncesLOM: average annual gold production of 121,000 ouncesAISC of US$900/ozAfter-tax payback period of less than 3 yearsScottsdale, Arizona--(Newsfile Corp. - October 5, 2021) - On behalf of TriStar Gold Inc. (TSXV: TSG) (OTCQX: TSGZF) (the \"Company\" or \"TriStar\"), GE21 Consultoria Mineral Ltda (\"GE21\") of Belo Horizonte, Brazil, and Piteau Associates of Sandton, South Africa have completed the prefeasibility study (\"PFS\") for the Company's Castelo de Sonhos gold project in southern Pará State, Brazil, which includes an updated mineral resource estimate.Nick Appleyard, TriStar's President and CEO, stated: \"The prefeasibility study is a major step forward in de-risking and advancing this compelling project. Mineral resources continue to grow, and we now have a very significant 1.4 million ounces in probable reserves. Additionally, the study indicates low costs from a simple operation that results in anticipated payback in less than 3 years and an average Phase 1 production rate of about 150,000 ounces per year. This project has once again exceeded our expectations, with 20% more gold production than was projected by our 2018 Preliminary Economic Assessment\".The results of the PFS now replace the 2018 PEA, originally announced in the Company's press release dated November 16, 2018. The PFS has incorporated several positive changes in the approach to the planned development of Castelo de Sonhos compared with the 2018 PEA. The scope and other changes incorporated in the PFS include:Increased throughput: Plant capacity has increased 21% from the PEA up to 10,000 tonnes per day or 3.6 million tonnes per year.Phased mining: Mining operations will be conducted in 2 distinct phases: Phase 1 is years 1 to 6 of operations and is 100% focused on mining the higher grade Esperança South deposit.Phase 2 is from year 7 to 11 and involves mining Esperança East and Center deposits.Owner operator mining: With the expanded operation and higher t...