Montage Gold – Recapping the PEA for the Koné Gold Project and further exploration and development plans
Hugh Stuart, CEO and Director of Montage Gold Corp (TSX.V: MAU – OTCPK:MAUTF) joins us to discuss the results and metrics from the PEA for its Kone Gold Project in Cote d’Ivoire, announced on May 25th. Hugh walks us through the robust economic study regarding the NPV, IRR, and short payback period with different metal price sensitivity, the capex required, and the plans to move forward with a capital raise into Q1 of 2022. In addition, we discuss how the exploration focus will be to isolate and drill potential higher-grade satellite open pit resources, that can feed into the main project & mill, and have a substantive effect on the project economics.
If you have any follow up questions for Hugh regarding Montage Gold, then please email us at fleck@kereport.com or shad@kerport.com.
Click here to read over the full news release highlighting the PEA.
(MAU) (MAUTF) Montage Gold Corp Files NI 43-101 Technical Report for the Koné Gold Project
June 8, 2021
It was nice to get the update on the PEA from Montage Gold, and at a $1850 gold price, the project looks very economic and constructive. Wishing their team good luck with the exploration as well, as finding some of those satellite deposits that could support the main deposit would be a nice boost to the overall mine plan.