- Gold Springs has a PEA with robust-economics(1) plus a vast number of drill targets in one-of-a-kind land package, revealing potential for significant growth, and it’s in one of the best mining jurisdictions in the world:
- Positive PEA with an NPV5% US$153.6 M and IRR 38.9% (Both After tax) using a $1,450 Gold price and $16 silver price.
- Low pre-production CapEx of US$83.5M and a Low Strip Ratio of 1.6 to 1.
- Signficant Leverage to Gold Price. A $1,600 gold price yields an NPV5% US$201M (After tax) in sensitivity analysis.
- Target-rich property - potential to signficantly enhance value by growing the existing gold-silver resource base.
- 28 drill-target areas - all outcrop, and four of them already have gold + silver resources.
- Large-land position - 4 historical mining districts consolidated into 1 property.
- Mining friendly, geo-politically stable, prolific Great Basin of western U.S.
- Well funded. No Debt.
(1) Per press release dated June 19, 2020. Cash cost per gold ounce is net of silver credit and includes mining, processing, general and administrative, and operating cost contingency; All-In Sustaining Cost (AISC) per gold ounce includes Cash cost per gold ounce plus sustaining capital, federal, state and local taxes and does not include initial capital. The portion of the project subject to the updated PEA does not have overriding royalties. The PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized.