Matala Gold Project

Cradle Arc has delivered a Feasibility Study, identified additional gold ounces and secured a Design, Build and Operate (‘DBO’) contract at the Matala Gold Project.

    ALO Interest: 100% Resource: 568,000 ounces with additional upside Status: Development with short lead time to production subject to finance IRR: 52% Life of Mine: 4.8 years @ 400,000 tonnes per annum NPV 10: US$28.6 million
    ESTABLISHING RESOURCE
    status : Completed
    SCOPING STUDY
    status : Completed
    PRE-FEASIBILITY STUDY
    status : Completed
    PROJECT FINANCING OFFTAKE AGREEMENT
    status : Underway
    MINING CONSTRUCTION / #REHABILITATION
    status : Pending
    Recommissioning
    status : Pending
    Production
    status : Pending