Announcement Date: 2022-06-01
Announcement Type: Pre-Feasibility Study
Announcement Code: NI43-101
Company name: SolGold Plc
Project name: Cascabel
Location: Ecuador
Commodities: Gold,Copper
Highlight: PFS results incl. post-tax NPV (8%) of US$2.907B & IRR of 19.3%
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Wood plc has compiled this Technical Report (the Report) on “Cascabel Project, Imbabura Province, Ecuador, NI 43-101 Technical Report on Pre-Feasibility Study” (Cascabel Project) on behalf of SolGold Plc (SolGold) and Cornerstone Capital Resources Inc (Cornerstone). The following companies and consultants are providing Qualified Persons (QPs) responsible for the content of their respective section in this report. This NI 43-101 report is based on a Pre-Feasibility study completed in Q1 2022 (the Pre-Feasibility) and supporting documents prepared for the Pre-Feasibility, are, in alphabetical order The Alpala and Tandayama-America deposits, the subject of this NI 43-101 Technical Report, are wholly contained within the Cascabel Property, which is wholly owned by Exploraciones Novomining S.A. (ENSA). SolGold holds an 85% legal and beneficial interest in ENSA. 1.3 Terms of Reference The Report has been used in support of first-time disclosure of mineral reserves on the Cascabel property, as reported in SolGold’s press release dated 20 April 2022, that is entitled “SolGold plc Pre-Feasibility supports long-life, high-value Cascabel Project”. Currency is expressed in US dollars unless stated otherwise; units presented are metric units, such as metric tonnes, unless otherwise noted. Calendar years are used in some sections of the Report, in relation to the proposed mine plan and execution plan. The years shown are
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