Ausgold (ASX:AUC) said an updated definitive feasibility study confirmed that its Katanning gold project in Western Australia is development-ready, with a long mine life, fast payback period, and "excellent" financial returns, according to a Tuesday filing with the Australian bourse.
The study delivered a post-tax project net present value of AU$2.3 billion and an internal rate of return of 92%, the filing said.
It also showed an average life-of mine production of about 1.2 million ounces at an average all-in sustaining cost of AU$2,252 per ounce, the filing added.
Shares of the company rose 2% in recent Tuesday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments