| Announcement Date: | 2022-08-02 |
|---|---|
| Announcement Type: | PEA |
| Announcement Code: | NI43-101 |
| Company name: | Altus Strategies Plc |
| Project name: | Diba |
| Location: | Mali |
| Commodities: | Gold |
| Highlight: | PEA results incl. post-tax NPV (8%) of US$157.7M & IRR of 749% |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Mining Plus has updated the mineral resource estimate and prepared an updated Preliminary Economic Assessment (PEA) on behalf of Altus Strategies (Altus) for the 100%-owned Diba & Lakanfla Gold Project, located in Mali. The purpose of this updated Technical Report is to support the disclosure of the 01st August 2022 Diba Gold Project Updated Preliminary Economic Assessment (PEA). The initial PEA for the project was prepared by Mining Plus and released by Altus on 22nd July 2020. The project economics have since been re-assessed and re-stated on 18th November 2020, following receipt by Altus of the results of additional metallurgical test work that had been completed subsequent to the date of the initial PEA. This updated PEA represents a re-assessment of the project economics following updated geological modelling using new drilling results. It also captures changes to metal prices and global changes to other price inputs since the previous PEA. |
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