Forrestania Resources Ltd recently released prefeasibility studies for four separate mining projects in Western Australia if developed, will keep the company producing gold for more than 10 years.
The company plans to develop four mining projects, which all process their ore through the Edna May processing facility.
The Edna May project alone is expected to generate cash flow of $728.7 million over a 10 year mine life, while only costing $98 million to develop.
With a 400,000-ounce Probable Ore Reserve underpinning 100% of the production target and strong projected cash generation at the PFS gold price assumption, Edna May is expected to form a part of Forrestania's Westonia Hub strategy.
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Forrestania Resources Ltd recently released prefeasibility studies for four separate mining projects in Western Australia if developed, will keep the company producing gold for more than 10 years.
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The article, shortened and in plain language
Forrestania Resources Ltd recently released prefeasibility studies for four separate mining projects in Western Australia if developed, will keep the company producing gold for more than 10 years.
Bell Potter has run the ruler over the projects and has reduced its price target on Forrestania shares, while maintaining an outlook for the company.
The company plans to develop four mining projects, which all process their ore through the Edna May processing facility.
The developments are costed with an assumed gold price of $5500 per ounce, compared to the current price of gold which is $6130 per ounce.
The Edna May project alone is expected to generate cash flow of $728.7 million over a 10 year mine life, while only costing $98 million to develop.
Using a gold price of $6140 per ounce, that cash flow figure rises to $961 million.
With a 400,000-ounce Probable Ore Reserve underpinning 100% of the production target and strong projected cash generation at the PFS gold price assumption, Edna May is expected to form a part of Forrestania's Westonia Hub strategy.
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