A Great Leveraged Play on the Gold Price
Working to improve Project announced in 2017 Study* 2019 Work Plan Budget of $3.7 million. Continue the focus on metallurgical studies to better de ne and re ne the project owsheet. 2,000 kg of metallurgical composites being processed: Evaluate the optimum grind size Determine whether di erent recovery parameters should be applied across orebody • •
BBA Inc. retained to continue guiding metallurgical program. 2017 PFS showed Improved Project (as compared to 2013 Study) • Project size optimized at 52,600 tons/day • 6.8 million ounces of gold produced over 23 years • All-in Costs (AIC) down more than $250/oz to $1,247/oz We will continue to prepare for future potential permitting and construction, while also conducting baseline environmental studies. Livengood Gold Project: highly levered to the gold price with the opportunity to be a successful Alaska gold mine for decades to come. • Production Costs before Capital $878/oz • All-in Sustaining Costs (AISC) $976/oz
*April 10, 2017 NI 43-101, Pre-Feasibility Study
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