Aura Minerals Completes Feasibility Study for the Matupá Gold Project [Financial Post (Toronto, Ontario, Canada)]
Continental Resources, Inc. (CLR)
Last continental resources, inc. earnings: 2/26 04:15 pm
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Source: Financial Post
the “ Company ”) is pleased to announce the results of the Feasibility Study for the wholly owned Matupá Gold Project (“ Matupá ” or “ the Project ”) located in Mato Grosso, Brazil. Matupá will be an open pit gold mine and is situated in the Alta Floresta Gold Province, a prolific region with large companies operating and exploring in the area, such as Anglo American, Codelco, Nexa Resources, IAMGOLD and Yamana Gold. The technical report (the “ Technical Report ”) titled “Feasibility Study for the Matupá Gold Project, Matupá Municipality, Mato Grosso, Brazil”, prepared by Aura will be filed within 45 days of this press release. Highlights: After-tax total investment estimated at approximately US$107 million. After-tax net present value (“NPV”) of US$96 million when using the weighted average consensus gold prices for the projected period of US$1,664 per ounce. Average annual gold production is estimated at 54,779 ounces from years 1 to 4, with an estimated life of mine (“LOM”)
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