Emerging gold development company Brightstar Resources Ltd has been busy over the past month plotting a low-cost pathway to gold production.
The company is targeting initial production of about 5.28 million tonnes at 2.0 g/t gold for 322,617 ounces over the current 8-year life of mine (LoM), with net present value (NPV8) of about $103 million at a gold price of A$2,900 per ounce.
Its recent scoping study laid out an internal rate of return (IRR) of about 79%, a payback period of 1.5 years and an all-in sustaining cost (ASIC) of about $2,041 per ounce.
Menzies and Laverton gold projects.
Yesterday, Brightstar valued its Brightstar Processing Facility and associated infrastructure at $60.9 million on an 'as new' replacement value basis.
Read more: Brightstar Resources values processing plant at more than $60 million replacement cost
Today, to give investors and interested onlookers further insight into ongoing exploration, mining and development activities at the Menzies and Laverton Gold Projects in WA, Brightstar released the following video:
Read more on Proactive Investors AU
