Investing

New Generation Minerals – Business Update

by Montpellier Montpellier No Comments

Applications for over A$20 million of grant funding now well advanced, supported by
Curtin University research partnership

New Generation Minerals

Grant funding applications

Our Kalgoorlie nickel-cobalt project will adopt an innovative new greener process to unlock stranded nickel and cobalt ore. NGM has therefore become an attractive candidate to receive grant funding to advance the project towards construction. To date, NGM has applied for the following grants totalling A$20 million:

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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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