re: Ann: Koka to be a highly profitable gold ... Highlights
• Scoping Study finds Koka deposit at the Zara Project in Eritrea has the
potential to be financially robust based on a gold price of US$800 an
ounce
• Koka forecast to produce an average of 110,000 ounces a year at a cash
cost of US$424 an ounce
• Total production of 677,000 ounces over six years from 944,000 ounce
current resource with potential to expand current resource base
through further drilling
• Capital costs estimated at US$97.8 million
• Feasibility Study to be completed by mid‐2010
• Potential to significantly improve project economics by further
re: Ann: Koka to be a highly profitable gold ... Highlights•...
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