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NUSANTARA RESOURCES LIMITED – AWAK MAS NPV INCREASES BY 240% TO USD517MHome / Client News / NUSANTARA RESOURCES LIMITED – AWAK MAS NPV INCREASES BY 240% TO USD517M
The Nusantara Board is pleased to announce a significant improvement in the Awak Mas Gold Project (Awak Mas) economic assessment following the release of the updated Mineral Resource estimate in April 2020 and updated Ore Reserve estimate in June 2020. The economic assessment is based on the October 2018 Definitive Feasibility Study (DFS) amended for the June 2020 mine schedule, updated capital and operating mining cost estimates, updated metallurgical recoveries and reagent use arising from the 2019 phase 2 testwork, and changes to project royalty and the Indonesian Company income tax rate.
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