Updated Fortitude Study Increases Surplus to A$95M
Filed with ASX · · 9 pages · English
• Strong results from updated optimisation study enhances Fortitude’s value by effectively doubling mine life, production output and cash flow for the Fortitude Gold Mine: o Total operating cash surplus grows to A$95M over 4 years (+72% increase) o Mine production of ~132,000 oz Au at 1.6g/t (up from 58koz) o 95% of the ounces are in the Measured and Indicated resource category o 2.7Mt of ore (up
Story so far
Earlier from Matsa Resources
- Fortitude North Shaping as a Significant Mineralised System
- Fortitude Preferred Site for Proposed Gold Plant Lake Carey
- Lake Carey Gold Resource Nears 1 Million Oz Milestone
- MAT: Nickel-Copper Assays Symons Hill Fraser Range
- Lake Carey Gold Project Resource Grows to 727,000 oz
Later from Matsa Resources
- Amended Updated Fortitude Study Increases Surplus to $95M
- 30 September 2021 Quarterly Report
- Suspension from Official Quotation
- $20M Sale of Red October and Devon Gold Projects
- Ministerial Consent Received for Red October & Devon Sale
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