KALANA

KALANA

The Kalana Project, acquired in 2017, is located approximately 250km south of Bamako, the capital city of Mali. A positive Pre-Feasibility Study (PFS) was published in February 2021.

PFS highlights:

• 11-year mine life based on current reserves of 1.8Moz
• Average annual production of 150koz at AISC of $901/oz
• Robust economics with after-tax NPV 5% of $331m with IRR of 49% based on a $1,500/oz gold price
• Please click here to view the PFS Technical Report

A DFS will now commence, with further opportunities to optimize and expand the project through exploration and engineering. The DFS is due for completion in early 2022.

KEY FACTS

Ownership:

80% EDV, 20% Government of Mali

Mining method:

Open pittable

Resource:

2.32Moz M+I Resources as at June 30, 2020

Reserve:

1.83Moz P+P Reserves as at June 30, 2020