“This is a vital replace to the manufacturing profile of the Gahcho Kué mine,” stated Mountain Province president and CEO Mark Wall. “The projected operational after-tax money movement attributable to Mountain Province for the steadiness of the open pit lifetime of mine plan of C$626 million demonstrates the worth of the Gahcho Kué mine.”
As a part of the most recent work, the useful resource and reserve estimates have additionally been up to date. The entire possible reserves (together with stockpiles) whole 23.6 million tonnes grading 1.47 c/t and containing 34.6 million carats.
Utilizing a cut-off dimension of 1.0 mm, the indicated useful resource is 24.7 million tonnes grading 1.57 c/t. containing 38.8 million carats. The inferred useful resource is 13.3 million tonnes at 1.79 c/t, containing 23.7 million carats. These numbers additionally replicate indicated materials in stockpiles.
“The diamond market is significantly softer than the interval when the earlier 2022 technical report was accomplished, which creates upside alternative to the economics ought to costs enhance,” Wall added.
On a 100% foundation, the Gahcho Kué mine is anticipated to supply 36.3 million carats from the start of 2024 to the tip of the mine life. That’s an 18% elevated in recovered carats from the 43-101 report made in 2022.