Liberty Gold's Black Pine Project Shows Strong Economic Returns
Liberty Gold Corp., the parent company of Liberty Gold, has announced the results of its Feasibility Study for the Black Pine oxide gold project in Idaho. The study establishes the project as a large-scale, long-life gold development project with strong economic returns across various gold prices. Based on an initial capital cost of $411.4 million, the study estimates an after-tax NPV(5%) of $2.397 billion and an IRR of 60.5% at a base case gold price of $3,250/oz Au.
The project is expected to produce 202,000 oz Au per year in Years 1-5, with average annual payable production of 176,700 oz Au over its 16-year mine life. The study also projects competitive operating costs, including LOM cash costs and AISC of $1,388/oz Au and $1,566/oz Au, respectively.
The Black Pine project has the potential to generate strong projected economics across a broad range of gold prices, with an after-tax NPV(5%) of $4.336 billion at $4,500/oz Au and $1.215 billion at $2,500/oz Au.