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Phase 2 Scoping Study confirms the technical and financial robustness of a commercial mining operation at the Estelle Gold Project with a pre-tax NPV5% of US$654M and an IRR of 53%.
Mining metrics include an annual production of 363 Koz Au in the 1st year, a total production of 2.25 Moz Au over a 17-year life of mine, and a focus on higher grade resources with 2.02 g/t Au material.
Estelle Gold Project demonstrates great exploration upside with potential for further increases in production schedule and waste reduction, and has support from both the community and the State government for the construction of the proposed West Susitna Access Road.