White Gold Corp $WGO.V $WHGOF has announced a robust maiden Preliminary Economic Assessment (PEA) on its flagship White Gold Project in Yukon, Canada.
Couldn't join the live results call? The full presentation and Q&A are now available to watch on demand.
PEA highlights:
After-tax NPV of C$1.9 billion, 38% IRR, and a 1.7 year payback at US$3,600/oz gold.
Strong leverage to gold: NPV rises to C$3 billion with a 52% IRR at US$4,500/oz.
A 9.4 year conventional open pit operation averaging 188,000 oz of gold per year, and 223,000 oz per year over the first five years, at life of mine AISC of US$1,480/oz.
And this is just phase one — the mine plan draws on less than two-thirds of the current resource which remains open for expansion, on a 55,000-hectare property with 25+ additional targets with 3 drill rigs currently active on the property with a goal of continuing to increase total resources
Stay tuned for more as we progress with the largest exploration program in the White Gold’s history!
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