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Treasury Metals Raising C$17.5M, Advancing Goliath-Goldlund to PFS


Treasury Metals Raising C$17.5M, Advancing Goliath-Goldlund to PFS Posted by PublisherInternet Wednesday, 24. February 2021
After acquiring the neighbouring Goldlund open pit project from First Mining Gold, Treasury Metals (TML.TO, TSRMF.US) has been busy ever since to integrate both projects into a single open pit-underground project with synergies whenever possible. After hiring Ausenco, a reputable engineering firm, and appointing a new President and CEO, Jeremy Wyeth, who has lots of experience in building mines, the company worked diligently for 6 months on an integrated Preliminary Economic Assessment (PEA) for both projects.
From his bio, Wyeth seems the right man in the right place, considering his background. The highlight of his career is undoubtedly the development, construction, commissioning and ramp up of the Victor Diamond Mine in Northern Ontario, owned by De Beers. He took the Victor project from Preliminary Feasibility Study (PFS) to nameplate capacity. ....

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Treasury Metals Announces Positive Preliminary Economic Assessment for Goliath Gold Complex


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 ....

Gordon Zurowski , Pierre Desautels , Sheila Daniel , Chris Keech , Tommaso Roberto Raponi , Jeremy Wyeth , Christopher Keech , Paul Daigle , Reagan Mcisaac , National Instrument , Consulting Services Inc , Company Goliath Gold Complex , Exchange Rate , Ausenco Engineering Canada Inc , Treasury Metals Inc , Treasury Metals , Goliath Gold Complex , Ausenco Engineering Canada , Indigenous Nations , Environmental Assessment , Qualified Persons , Tailings Storage Facility , Tailings Management , Sustaining Capital , Capital Costs , Pierre Desautelsp Geo ,