Whole building capital expenditure is estimated at $373 million, representing a rise of lower than 7% from the 2023 prefeasibility research. Mining and processing operations stay according to the PFS, Centamin mentioned.
“The outcomes of the DFS exhibit a strong mission that meets Centamin’s funding standards. The mission reveals a powerful first 5 years with manufacturing in extra of 200,000 oz. every year at an AISC beneath $1,000/oz, delivering an accelerated payback on funding,” Centamin CEO Martin Horgan mentioned in a information launch.
Over all the 10-year mine life, Doropo’s annual gold manufacturing is estimated at 167,000 oz. at an all-in sustaining prices of $1,047/oz. The manufacturing is supported by 1.88 million oz. of possible mineral reserves at a median grade of 1.53 grams per tonne of gold.
In accordance with Horgan, the DFS has additionally resulted in a plan with considerably decrease execution threat, relative to the PFS, reflecting a reconfiguration of the mission to scale back its social affect on native communities.
This features a important discount within the want for neighborhood resettlement from 2,000-3,000 individuals as estimated within the PFS to lower than 500, which means no resettlement shall be required through the building interval and the primary two years of economic operations, Centamin mentioned.
The Doropo mission presently contains seven exploration permits masking an space of roughly 1,850 km2. Centamin first started work on the mission in 2016, and it will definitely constructed a gold useful resource base of three.1 million oz. grading 1.26 g/t.
Environmental allow
As a part of the mining licence software with Côte d’Ivoire authorities, Centamin obtained its environmental allow for the mission final month following submission of the affect evaluation in Q1 2024.
The corporate mentioned it had already accomplished in depth work through the DFS stage. The research, along with the environmental allow, will kind key paperwork in help of its mining licence, for which it expects to submit purposes in Q3 2024.
Following the award of the mining licence, Centamin will then make a remaining funding resolution. Ought to it proceed, Doropo would develop into the gold miner’s second producing asset after the Sukari mine in Egypt.