◼ A revised update to Pre-Feasibility Study for the Crawford Gold Project is complete
◼ The revised PFS returned exceptionally increased results, including:
-NPV of A$51.7M, with pre-CAPEX undiscounted cash flow of A$66.7M
- Internal Rate of Return of 580%
-Cost metrics: C1 of A$1,574/oz; C3 of A$1,793/oz
- Capital payback period of 9 months within the total 18-month Stage 1 project life
◼ There remains significant upside in increased revenues and total project growth due to Stage 1 being constrained to the central oxide portion of the Resource and the Resource remaining open along strike and depth
◼ All compliance reports, works approvals and applications required for the commencement of mining Stage 1 at the Crawford Gold Project are submitted; the following significant applications have been approved:
-Project Management Plan
-Native Vegetation Clearing Permit
-Groundwater Extraction Licences
-Consultation with traditional owners regarding Native Title remains ongoing.
◼ The Company recently announced the signing of a non-binding term sheet for US$11 million with precious metals streaming fund Raptor Capital International Limited to advance the Stage 1 pit into production; due diligence processes are ongoing (see ASX release 20 February 2025)
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so, how come I didn't tip this for April comp?
