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Molybdenum project at Anduramba doubles for DAguilar
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Highlights:
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Discounted net present value doubles to $155 million
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Further drill testing of high grade zone under way
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Mineral Development Licence Application being lodged
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Regional molybdenum target drilling underway
A revised resource-reserve study incorporating all recent drill results undertaken by DAguilar Gold Limited (ASX Code: DGR) on its wholly owned Anduramba Molybdenum Project has resulted
in a material increase in size and value of the project.
Reoptimisation of the open pit designs by DAguilars independent engineering consultants has defined a larger and more valuable project:
- a discounted net present value of the operating cash flows of $215 million
- a two million tonnes of ore per annum mining operation
- an 18.7 million tonne resource, at a grade of 0.088% Molybdenum equivalent (refer footnote *)
- capital cost estimates for the development of the project of $60 million have been adopted for the study, delivering
- an estimated discounted net present value of $155 million
This discounted net present value is approximately double the estimate from the previous scoping study completed in mid 2006.
The current reassessment has not yet considered benefits likely to flow from lower work indices gathered during the crushing and milling tests recently conducted.
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This email was sent by Nicholas Mather, D'Aguilar Gold Ltd, Level 5, 60 Edward Street, Brisbane Australia 4000
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CODE : DGR.AX |
ISIN : AU000000DGR8 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
D'Aguilar is a gold exploration company based in Australia. D'Aguilar develops gold and molybdenum in Australia, and holds various exploration projects in Australia. Its main asset in development is ANDURAMBA in Australia and its main exploration properties are MOUNT COBALT, STEVENS BASIN and AUSNICO in Australia. D'Aguilar is listed in Australia and in Germany. Its market capitalisation is 664 191 as of today (US$ 447 719, € 409 349). Its stock quote reached its highest recent level on June 15, 2007 at 0.47, and its lowest recent point on July 19, 2024 at 0.01. D'Aguilar has 47 442 200 shares outstanding. |