Ann: Koka Gold Deposit Feasibility Study Results , page-3

re: Ann: Koka Gold Deposit Feasibility Study ... Highlights
? Average life-of-mine total cash operating costs of US$338 per oz of gold
? After-tax NPV5% of US$196 million, life-of-mine EBITDA of US$589 million and an
after-tax IRR of 35% at current gold price of ~US$1,200/oz
? After-tax NPV5% of US$99 million, life-of-mine EBITDA of US$381 million and an aftertax
IRR of 22% at base case gold price of US$900/oz
? Average annual gold production of approximately 104,000oz per year with gold
production totalling 731,000oz
? Forecast mine life of seven years at a mill throughput of 600,000 tonnes per annum,
rising to 700,000 tonnes per annum from year 5
? Open pit Ore Reserves of 4.63Mt grading 5.1g/t for 760,000oz contained gold with a
waste to ore ratio of ~10:1
? Estimated start-up capital cost of US$122M