African Gold Group (CVE:AGG) CEO Danny Callow catches up with Proactive's Katie Pilbeam to discuss unveiling their latest definitive feasibility study (DFS) for its flagship Kobada gold development project in Mali.
The study incorporates the recently announced 66% increase in the proven and probable reserve at the potential mine, which could generate over 1.2 million ounces of gold over 16 years, averaging 100,000 ounces in the first ten years.
The pre-tax net present value (NPV) was pegged at US$506 million, while the internal rate of return (IRR) was put at 45%.