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Treasury Metals Announces Positive Preliminary Economic Assessment for Goliath Gold Complex
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$477 Million pre-tax NPV
5%; pre-tax IRR OF 37.3% (post-tax $328 Million and 30.2%) at US$1,600 per ounce gold
TSX: TML OTCQX: TSRMF
Highlights
(all currencies are reported in Canadian dollars unless otherwise specified):
LOW CAPITAL INTENSITY PROJECT WITH PRE-PRODUCTION CAPITAL COST OF $233 MILLION AND PRE-TAX PAYBACK PERIOD OF LESS THAN 2 YEARS
ROBUST ECONOMICS WITH POST-TAX $328 MILLION NPV
5%; IRR OF 30.2%; AT US$1,600 PER OUNCE GOLD
MINE LIFE OF 13 YEARS, WITH AVERAGE ANNUAL GOLD PRODUCTION DURING FIRST 9 YEARS OF 102,000 OUNCES AND TOTAL LOM RECOVERED GOLD OF ~1.1 MILLION OUNCES
WORLD-CLASS INFRASTRUCTURE INCLUDES EXISTING HYDRO POWER, NATURAL GAS AND CP RAIL LINES PLUS TRANS-CANADA HIGHWAY