Takeover target Explaurum has released the results of an updated feasibility study for its Tampia gold project, which has increased the project’s estimated net present value from A$125-million to A$156-million, while the internal rate of return has increased from 47% to 70%.
Explaurum said on Friday that the update to the feasibility study incorporated further metallurgical test work, mine design and scheduling, along with refined capital and operating cost estimates.