Debt and Equity Markets

MARITANA COMMENCES RESOURCE CONVERSION DRILLING PROGRAM

by Montpellier Montpellier No Comments

Maritana Minerals Limited (ASX: MRT) (“Maritana” or “the Company”) is pleased to announce that it has approved a major resource conversion drilling program totalling approximately 60,000 metres across four projects. The fully funded program is designed to convert and upgrade existing Mineral Resources from Inferred to Indicated classification to support mine planning and an enhanced Life of Mine (LOM) plan for the Black Swan Processing Hub (BSPH).

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Condor Announces Feasibility Study For La India Open Pit.

by Montpellier Montpellier No Comments

Condor Gold (AIM: CNR; TSX: COG) is pleased to announce the results and details of a Feasibility Study, sometimes referred to as a Bankable Feasibility Study (“2022 FS”) on the La India open pit. The 2022 FS supports a Probable Mineral Reserve of 7.3Mt at 2.56g/t gold for 602,000 oz gold and a mine with an Internal Rate of Return (“IRR”) of 23% and a post tax and post upfront capital cost net present value (“NPV”) of US$86.9 million using a discount rate of 5% and price of US$1,600/oz gold. The 2022 FS brings the level of confidence for the Project to the industry standard of engineering design, sufficient to support +/- 15% capital and operating cost estimates.

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