First movers on the Cambodian Frontier
Renaissance Minerals (Cambodia) Limited is dedicated to the exploration, development and operation of the 100% owned Cambodian Gold Project.
The company is 100% owned by Emerald Resources NL, an ASX-listed company established with international capital.
The company recently completed the Definitive Feasibility Study (DFS) on the development of a 2.0Mtpa operation at its Okvau Gold Deposit located in the Mondulkiri province of eastern Cambodia. The DFS was completed to +/-15% level of accuracy.
- DFS delivers 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
- DFS is based on a 2.0Mtpa plant to produce approximately 106,000oz pa average over the initial operating LOM of 7 years
- An updated Mineral Resource estimate of 17.7Mt @ 2.0g/t Au for 1.14Moz (at 0.7g/t cut-off) with 1.01Moz as Indicated and 0.13Moz as Inferred
The DFS confirms the robust nature of the Project and following these positive results the Board of Directors has approved the Project to proceed to construction subject to financing arrangement and permitting, including a Mineral Investment Agreement with the Royal Government of Cambodia to support an Industrial Mining Licence.