SEGUELA GOLD PROJECT
The Séguéla Gold Project in Côte d’Ivoire consists of the resource-defined, near-surface Antenna, Koula, Agouti, Boulder, and Ancien orogenic lode-style deposits. Within a total land package of 62,000 hectares, there are an additional 22 highly prospective targets. It is located near existing infrastructure, including grid power, transport, and water resources. (Latitude: 8° 8.905' N, Longitude: 6° 47.312' W)
A May 2021 Feasibility Study demonstrated that Séguéla was a robust project capable of potentially delivering over 100,000 ounces of gold per year over eight years.
HIGHLIGHTS OF THE FEASIBILITY STUDY
All dollar amounts are expressed in US dollars unless otherwise indicated
| Metrics | Unit | |
|---|---|---|
| Gold price | $/oz | 1,600 |
| Life of mine | year | 8.6 |
| Total mineralized material mined | tonnes | 12,064,000 |
| Contained gold In mined resource | oz | 1,088,000 |
| Strip ratio | w:o | 13.9:1 |
| Throughput @ start-up | Mt/year | 1.25 |
| Throughput @ peak | Mt/year | 1.57 |
| Head grade | g/t Au | 2.8 |
| Recoveries | % | 94.5% |
| Gold production | Gold production | Gold production |
| Total production over LOM | oz | 1,028,000 |
| Annual production, LOM | oz | 120,000 |
| Annual production, first 6 years | oz | 133,000 |
| Per Unit Costs over LOM | Per Unit Costs over LOM | Per Unit Costs over LOM |
| Total mining costs | $/t, mined | $2.79 |
| Mining costs, sustaining capital | $/t, mined | $0.78 |
| Mining costs, operating costs | $/t, mined | $2.01 |
| Processing | $/t, processed | $12.57 |
| G&A | $/t, processed | $5.30 |
| Total operating costs (excluding sustaining capital) | $/t, processed | $47.83 |
| Cash costs | Cash costs | Cash costs |
| Average operating cash costs, LOM | $/oz | $567 |
| Average operating cash costs, first 6 years | $/oz | $528 |
| AISC | AISC | AISC |
| Average AISC, LOM | $/oz | $832 |
| Average AISC, first 6 years | $/oz | $797 |
| Capital costs | Capital costs | Capital costs |
| Initial capital expenditure | $ M | $142 |
| Sustaining capital, operations + infrastructure (ex-closure costs) | $ M | $32 |
| Sustaining capital, mining | $ M | $141 |
| NPV5%, pre-tax (100%) | NPV5%, pre-tax (100%) | NPV5%, pre-tax (100%) |
| Pre-tax IRR | % | 53% |
| NPV5%, after-tax | NPV5%, after-tax | NPV5%, after-tax |
| After-tax IRR | % | 49% |
| Payback period | years | 1.7 |
| Annual EBITDA | Annual EBITDA | Annual EBITDA |
| Average EBITDA over LOM | $ M | $107 |
| Average EBITDA over first 6 years | $ M | $130 |
| Environmental Data | Environmental Data | Environmental Data |
| GHG emissions intensity (Scope 1 + 2) | tCO2e/oz | 0.58 |
| Energy intensity | GJ/oz | 4.39 |