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.