Rupert Resources (TSX:RUP) multi-million ounce developer and regional exploration company within the 100% owned Rupert Lapland Project in Northern Finland.
In November 2022, we published a preliminary economic assessment (“PEA”) for the Ikkari project, demonstrating the potential for a 24-year life of mine at an average annual production of 200,000 troy ounce (“oz”) gold. NPV5 of $1.6 billion with unlevered IRR of 46% and payback after two years, assuming a gold price of $1,650 per oz. An expected lowest quartile all-in sustaining cost of $759/oz is outlined over LOM, and $596/oz during the open-pit operation. Low sensitivity to cut-off grade and low initial strip ratio is also detailed.
Rupert Resources is well funded with a focus on developing Ikkari whilst simultaneously testing promising regional targets through the exploration methods used to find Ikkari.
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