As each study level continues, the Company will also concurrently undertake additional drilling and exploration activities to add further resources and discoveries to the Estelle Gold Project and provide updated mineral resource estimates.
Phase 1 Scoping Study– Completed
Study shows that Korbel Main is an economically viable standalone operation, even though it is constrained to only Indicated Resources, and the study includes the majority of CAPEX required for an Estelle wide operation in the future
Phase 2 Scoping Study – Later in 2022
The phase 2 scoping study will include the RPM North Deposit’s mineral resource as well, the inclusion of which is anticipated to improve the overall project’s economics significantly due to its much higher grade, with a minimal extra CAPEX requirement
Pre-Feasibility Study – Late 2023
The PFS will include additional resources from the wider Korbel and RPM Gold Projects, which is anticipated will improve the project economics even further and include environmental studies and a greater level of accuracy than the scoping studies
Bankable Feasibility Study – 2023/2024
The BFS will include any additional resources and this study will provide an even higher level of accuracy and confidence in the Project, suitable for seeking funding finance
Mine Construction – 2025/2026
Subject to obtaining all necessary approvals and regulatory requirements
1st Gold Pour – Late 2026
Further exploration and drillingto increase the life of mine across the entire Estelle Gold Trend
Exploration is in our Blood
Listed on the Australian Stock Exchange (ASX:NVA), the OTC Markets (OTC: NVAAF) and the Frankfurt Stock Exchange (FRA:QM3).
Suite 602, 566 St Kilda Rd Melbourne VIC 3004 Australia