(via TheNewswire)
Key economic highlights include substantial NPV of
All dollar figures in US dollars, unless otherwise indicated
South American mining and metallurgical engineering and development firm EPCM Consultores S.R.L. (“EPCMC”)was engaged in
Key Economic Highlights:
Pre-tax NPV (Net Present Value with 5% discount rate) of
$46.9M Pre-tax IRR (Internal Rate of Return) of 48%
Annual Gold Production of 25,900 ounces
Capital Cost of
$15.5M Bioleach Operating Cost of
$212 per tonneAssumed Purchase Prices of Concentrate - 65% of the contained gold value
Pre-tax Earnings Prior to Employee Bonus -
$8.94M Payback (75% DEBT) - 2 years
“These results exceed my own expectations – especially an NPV of almost
Additional Project Economics & Parameters:
Plant Design Capacity -15,030 tonnes of dry concentrate per annum
Plant Life -20 yearsAverage Gold Recovery Bioleaching – 96%
Annual Gold Production (55 gpt average feed)-25,900 ounces
All-in Opex -
$212 per tonneUp
Front Capital -$15.5M Base Case Gold Price-
$1600 per ouncePayback from Start of Production–2.5 years
Project Gold Price Sensitivity:
Gold Price | NPV (5%) | IRR | EBITA |
43% | |||
47% | |||
53% | |||
57% | |||
62% |
The feasibility study contemplates the purchase of concentrates, high in both arsenic and gold levels, from mines located in the Ponce Enriquez area of
EPCMC is a South American engineering and development firm specializing in mining and metallurgical projects. EPCMC has considerable experience in a range of professional engineering services including feasibility studies, project design and construction within
“As demand for greater environmental responsibility increases across the mining and resource sectors, interest in using natural bacteria in a wider variety of commercial applications to extract valuable metals is also accelerating,” Orr continued. “Like most investors in the Company, I’ve been waiting for the BFS results – but we haven’t slowed down. In addition to gold recovery operations in
This press release has been reviewed by Dr.
About the
BacTech is planning to build a new owner-operated bioleaching facility near Ponce Enriquez,
BacTech continues to investigate the prospects of establishing additional modern bioleaching facilities across other areas of
About
BacTech is a proven environmental technology company, delivering effective and eco-friendly biomining and remediation solutions to commercial operations to smartly process and recover preferred metals (gold, silver, cobalt, and copper) and safely remove and transform harmful contaminants like arsenic into benign
For further information contact:
President & CEO,
416-813-0303 ext. 222,
Email: borr@bactechgreen.com
Website: https://bactechgreen.com/
Investor Presentation: https://bactechgreen.com/investors/
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Special Note Regarding Forward-Looking Statements
This news release contains “forward-looking information”, which may include, but is not limited to, statements with respect to future tailings sites, sampling or other investigations of tailing sites, the Company’s ability to make use of infrastructure around tailings sites or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified using words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims, other than as required by law, any obligation to update any forward-looking statements whether because of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
Shares outstanding: 157,455,558
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This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the shares, nor is it a solicitation of interest from a prospective investor.
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Copyright (c) 2021 TheNewswire - All rights reserved., source