Bardoc Gold Limited advise that it has completed a positive Definitive Feasibility Study (DFS) for its 100%-owned Bardoc Gold Project, located 50km north of Kalgoorlie in Western Australia (the Project), representing an important step towards achieving its objective of building a significant new mid-tier Australian gold company. The DFS confirms the potential of the Bardoc Project to underpin a significant near-term, high-margin gold development project, with a robust production profile, competitive operating costs and attractive financial returns. The DFS is based on the development of a standalone mining and processing operation, with a 2.1Mtpa CIL plant and flotation circuit to be constructed on site. The Bardoc Project Life-of-Mine (LOM) Plan will initially comprise an 10-year mining operation targeted to commence in Fourth Quarter 2022 and delivering LOM production of 1.10 Moz of contained gold, with peak annual gold production of 140,000ozpa for 6 years. The estimated development capital is $177.4 million, with the Project forecast to generate a pre-tax NPV6% of $479 million and pre-tax Internal Rate of Return (IRR) of 41% at gold price of AUD 2,250/oz. The All-in Sustaining Costs (AISC) are estimated to be AUD 1,188/oz, which, at current gold prices will allow the Company to generate on average over AUD 113 million of free cash flow per year once processing commences. Based on the strong outcomes of the DFS, the board of Bardoc has resolved to progress the Bardoc Gold Project to financing as rapidly as possible, with the overall objective of making a Final Investment Decision in Third Quarter 2021 and commencing construction in Fourth Quarter 2021.