Announcement Date: 2022-07-20
Announcement Type: Feasibility Study
Announcement Code: NI43-101
Company name: Sandstorm Gold Ltd.
Project name: Hod Maden
Location: Turkey
Commodities: Gold,Copper
Highlight: Feasibility Study results incl. post-tax NPV (5%) of US$1.049B & IRR of 35.9%
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE: SAND, TSX: SSL) is pleased to provide a summary of the results from the Hod Maden Feasibility Study (“FS”). All figures are in U.S. dollars and are on a 100% project basis unless otherwise stated. Sandstorm has a 30% interest in the Hod Maden project. The FS contemplates Hod Maden as an underground mine divided into two distinct mining zones with a modified drift and fill (“DAF”) technique applied to the upper mine area and a long hole stoping (“LHS”) technique applied to the lower mine area. The bulk of the mineralization is located in the lower mine area, which will be accessed through a single portal north of the deposit. The upper mine will be accessed through two shallow shafts located north and south of the mineralization. The mine capacity is 800,000 tonnes per annum with a total of 8.7 million tonnes of ore produced during the 13-year mine life.
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