Astral Resources NL (ASX:AAR) MD Marc Ducler tells Proactive the company has projected free cashflows of about $740 million over a life-of-mine (LoM) of 11 years in a scoping study for its flagship Mandilla Gold Project in Western Australia’s Widgiemooltha greenstone belt. The study, based on extraction of mineral resources in two granted mining leases, has determined that a 2.5 million tonnes per annum carbon in leach (CIL) processing plant with associated infrastructure provides the lowest capital and operating cost across the mine’s life. It projects an average gold production target of 100,000 ounces per annum at an average feed grade of 1.30 g/t gold over the first 7.4 years, gradually reducing to 41,000 ounces at 0.50 g/t gold from treating lower grade stockpiles over the remaining 3.4 years.
Astral Resources says Mandilla shaping up as standalone long-life operation
