Emerald announced on 1 May 2017 the completion of the Definitive Feasibility Study (DFS) on the development of a 2.0Mtpa operation at its 100% owned Okvau Gold Project located in the Mondulkiri province of eastern Cambodia. The DFS was completed to +/-15% level of accuracy.
- Initial Ore Reserve of 14.3Mt @ 2.0g/t Au for 907,000oz at an average AISC of US$731/oz over an initial 7 year Life-of-Mine (‘LOM’) operating period.
- 2.0Mtpa plant to produce approximately 106,000oz pa on average over the initial operating LOM of over 7 years.
- Updated Mineral Resource estimate of 17.7Mt @ 2.0g/t gold for 1.14Moz (at 0.7g/t cut-off) with 1.01Moz as Indicated and 0.13Moz as Inferred.
The DFS confirmed the robust nature of the Project with an initial operating LOM of over 7 years, producing approximately 106,000 ounces of gold per annum on average from a single open pit, with ore processed through a plant utilising a single stage crushing circuit and SAG mill, sulphide flotation, regrind mill followed by conventional cyanide leaching.