Matador Mining<\/span><\/a><\/span><\/div>\n<\/div><\/div>\n<\/div><\/div>\n<\/div><\/div><\/div>\n\n\n\nScoping Study<\/h2>\n\n\n\n
Based on a proposed 1.2 Mtpa standalone mining and processing operation, the Scoping Study has demonstrated potentially strong financial metrics for the Cape Ray Gold Project (Table 1). <\/p>\n\n\n\n
The preliminary economics indicate the Project has positive financial metrics over an initial mine life of 7 years with capital payback during the first 1.75 years of the Project\u2019s life. This decreases to 1.5 years based on the current gold spot price of US$1,700. The first year of production includes a 6-month ramp up to full throughput capacity.<\/p>\n\n\n\n
Table 1 below provides an indication of the sensitivities on the Project\u2019s economics highlighting the NPV and IRR.<\/p>\n\n\n\n
Table 1: NPV and IRR Valuations<\/strong><\/em><\/p>\n\n\n\n\n\n\n\tScoping Study - 100% equity \u2013 Pre-tax<\/strong><\/td>NPV (C$)<\/strong><\/td>NPV (A$)<\/strong><\/td>IRR<\/strong><\/td>\n<\/tr>\n\n\t5%<\/td> | $300<\/td> | $344<\/td> | 61%<\/td>\n<\/tr>\n | \n\t8%<\/td> | $256<\/td> | $295<\/td>\n<\/tr>\n | \n\t10%<\/td> | $231<\/td> | $266<\/td>\n<\/tr>\n | \n\tScoping Study - 100% equity \u2013 Post-tax<\/strong><\/td>NPV (C$)<\/strong><\/td>NPV (A$)<\/strong><\/td>IRR<\/strong><\/td>\n<\/tr>\n\n\t5%<\/td> | $196<\/td> | $226<\/td> | 51%<\/td>\n<\/tr>\n | \n\t8%<\/td> | $168<\/td> | $194<\/td>\n<\/tr>\n | \n\t10%<\/td> | $152<\/td> | $174<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n Table 2 below highlights the key input assumptions<\/p>\n\n\n\n Table 2: Base Case \u2013 Summary of Projects Economics (estimated)<\/strong><\/em><\/p>\n\n\n\n\n\n\n\tPost-Tax Financial output<\/strong><\/td>LOM total \/ Avg.<\/strong><\/td>\n<\/tr>\n\n\tNPV (8%) (A$ m) <\/td> | 194<\/td>\n<\/tr>\n | \n\tNPV (8%) (C$ m) <\/td> | 168<\/td>\n<\/tr>\n | \n\tIRR (%)<\/td> | 51<\/td>\n<\/tr>\n | \n\tPayback (Years)<\/td> | 1.75<\/td>\n<\/tr>\n | \n\tUndiscounted Cumulative Cashflow (C$ m)<\/td> | 253<\/td>\n<\/tr>\n | \n\tPre-Tax Financial output<\/strong><\/td>LOM total \/ Avg.<\/strong><\/td>\n<\/tr>\n\n\tNPV (8%) (A$ m) <\/td> | 295<\/td>\n<\/tr>\n | \n\tNPV (8%) (C$ m) <\/td> | 256<\/td>\n<\/tr>\n | \n\tIRR (%)<\/td> | 61<\/td>\n<\/tr>\n | \n\tUndiscounted Cumulative Cashflow (C$ m)<\/td> | 583<\/td>\n<\/tr>\n | \n\tFinancial Inputs<\/strong><\/td>LOM total \/ Avg.<\/strong><\/td>\n<\/tr>\n\n\tGold Price (US$\/ oz)<\/td> | 1550<\/td>\n<\/tr>\n | \n\tSilver Price (US$\/ oz)<\/td> | 18<\/td>\n<\/tr>\n | \n\tExchange rate (US$: C$)<\/td> | 0.7<\/td>\n<\/tr>\n | \n\tExchange rate (C$: A$)<\/td> | 0.87<\/td>\n<\/tr>\n | \n\tGeneral<\/strong><\/td>LOM total \/ Avg.<\/strong><\/td>\n<\/tr>\n\n\tMine Life (Yrs)<\/td> | 7<\/td>\n<\/tr>\n | \n\tRamp up period (Yrs)<\/td> | 0.5<\/td>\n<\/tr>\n | \n\tProcessing Facility Throughput (Mt)<\/td> | 1.2<\/td>\n<\/tr>\n | \n\tTotal Ore Mined (Mt)<\/td> | 7.8<\/td>\n<\/tr>\n | \n\tTotal Material Mined (Mt)<\/td> | 92.7<\/td>\n<\/tr>\n | \n\tStrip Ratio (Operational)<\/td> | 9.6<\/td>\n<\/tr>\n | \n\tTotal Gold Mined (Au koz)<\/td> | 504<\/td>\n<\/tr>\n | \n\tProduction<\/strong><\/td>LOM total \/ Avg.<\/strong><\/td>\n<\/tr>\n\n\tMill Head Grade (Au g\/t)<\/td> | 2<\/td>\n<\/tr>\n | \n\tAu Mill Recovery (%)<\/td> | 0.96<\/td>\n<\/tr>\n | \n\tMill Head Grade (Ag g\/t)<\/td> | 6.13<\/td>\n<\/tr>\n | \n\tAg Mill Recovery (%)<\/td> | 0.56<\/td>\n<\/tr>\n | \n\tAv. Annual Production (1-4) (Au koz)<\/td> | 88<\/td>\n<\/tr>\n | \n\tLOM Production (Au koz)<\/td> | 483<\/td>\n<\/tr>\n | \n\tOperating costs<\/strong><\/td>LOM total \/ Avg.<\/strong><\/td>\n<\/tr>\n\n\tMining Costs - OP (C$ \/ t mined)<\/td> | 2.8<\/td>\n<\/tr>\n | \n\tMining Costs - UG (C$ \/ t mined)<\/td> | 90<\/td>\n<\/tr>\n | \n\tProcessing Costs (C$ \/ t processed)<\/td> | 21.35<\/td>\n<\/tr>\n | \n\tG&A Costs (C$ \/ t processed)<\/td> | 4.94<\/td>\n<\/tr>\n | \n\tRoyalty rate (%)<\/td> | 1.9<\/td>\n<\/tr>\n | \n\tC1 Cash costs (C$ \/ oz)<\/td> | 1013<\/td>\n<\/tr>\n | \n\tC1 Cash costs (US$ \/ oz)<\/td> | 709<\/td>\n<\/tr>\n | \n\tAISC (C$ \/ oz)<\/td> | 1108<\/td>\n<\/tr>\n | \n\tAISC (US$ \/ oz)<\/td> | 776<\/td>\n<\/tr>\n | \n\tCapital costs<\/strong><\/td>LOM total \/ Avg.<\/strong><\/td>\n<\/tr>\n\n\tInitial Capital (exc. Mine Development) (C$ m)<\/td> | 136.7<\/td>\n<\/tr>\n | \n\tMine Development (Initial) (C$ m)<\/td> | 8.7<\/td>\n<\/tr>\n | \n\tMine Development \u2013 OP (Sustaining) (C$ m)<\/td> | 28.2<\/td>\n<\/tr>\n | \n\tMine Development \u2013 UG (C$ m)<\/td> | 12.2<\/td>\n<\/tr>\n | \n\tOther Sustaining Capital (C$ m) <\/td> | 6.9<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n Full details of the Study can be accessed by clicking the link below.<\/p>\n\n\n\n https:\/\/www.investi.com.au\/api\/announcements\/mzz\/4338dd64-18a.pdf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Scoping Study Based on a proposed 1.2 Mtpa standalone mining and processing operation, the Scoping Study has demonstrated potentially strong financial metrics for the Cape Ray Gold Project (Table 1). The preliminary economics indicate the Project has positive financial metrics over an initial mine life of 7 years with capital payback during the first 1.75 […]<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":295,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/blocks.php","meta":{"_acf_changed":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"full-width-content","footnotes":""},"acf":[],"yoast_head":"\n Scoping Study • Matador Mining<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n | | | | | | | | | | | | | | | | | | | | | | | |