The African Gold Group (AGG:TSX.V) management team will be discussing the recently updated feasibility study for our Kobada Gold Project in Mail.
Average annual production of 100,000 ounces of gold per annum for the first 5 years of operation.
Total gold production of 728,654 ounces over 9.4 years life of mine, based on current reserves.
Average total operating cash costs US$704/oz for the Life of Mine (“LOM”).
LOM All-In Sustaining Cost (“AISC”) of US$782/oz.
Pre-tax NPV5% of US$283.9 million with an IRR of 45.5%
Post-tax NPV5% of $226 million with an IRR of 41.1% at US$1,530/oz gold.
Kobada Gold Project capital expenditure of US$125 million (plus a contingency of US$11 million).