CAPITAL MARKETS

Saturn scopes large heap leach gold venture near Leonora

SATURN Metals has scoped its Apollo Hill project as a A$300 million development producing an average of 122,441 ounces per annum at all-in-sustaining-costs of $1852/oz.

Apollo Hill, WA

Apollo Hill, WA

The venture's NPV is put at $390 million and the pre-tax IRR 30%, with Saturn using a gold price of $2665/oz. Apollo Hill is modelled as a 10 million tonne pa heap leach operation treating ore grading...

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