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The company said that the PEA delivers robust returns and fast-track to payback, with after-tax NPV of $1.6 billion with unlevered IRR of 46% and payback after only two years, assuming a gold price of $1,650 per troy ounce. Importantly, Rupert Resources noted that the project has high margin production profile, with expected lowest quartile all-in sustaining cost of $759/oz over life of mine, and $596/oz during open-pit operation.
"What excites us is that we still have room to grow at Ikkari and other satellite targets that we will be drill testing this winter. We have a real opportunity to not only advance Ikkari as outlined in our PEA, but systematically develop a cornerstone asset in a significant new gold camp over time."
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