Monday, May 20, 2024
Monday, May 20, 2024
HomePet NewsCats NewsBlack Cat releases up to date examine for ‘cash cow’ Paulsens

Black Cat releases up to date examine for ‘cash cow’ Paulsens

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ASX-listed Black Cat Syndicate has launched the May 2024 restart examine for the Paulsens gold mine, which particulars considerably larger returns than the November examine on the again of a stronger gold worth.

The latest examine is predicated on a gold worth of A$3 500/oz, in contrast with A$2 900/oz in November 2023, which bolstered working money stream by 81% to A$201-million.

Every A$100/oz enhance within the gold worth lifts working money stream by A$16-million.

“The May 2024 study demonstrates that Paulsens is a cash cow,” mentioned MD Gareth Solly.

The examine is a subset of an inner working plan, which incorporates extra mining areas that don’t meet necessities for public launch. Black Cat is utilizing the May 2024 examine as a base case and the interior working plan as an upside case.

Solly mentioned the interior working plan included extra selective mining of high-grade veins to build a high-grade stockpile for speedy processing as soon as the processing facility is commissioned. This has the potential to extend and speed up preliminary and life-of-mine money stream.

“The high-grade stockpile strategy, while excluded from the May 2024 study will commence immediately upon full funding,” mentioned Solly.

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