A preliminary feasibility study (PFS) into the Tick Hill gold project, in Queensland, has estimated that the project could produce some 27 330 oz of gold over its 13-month mine life.
ASX-listed Carnaby Resources on Friday said that the PFS estimated that the project would generate pre-tax cash flows of some A$21.7-million, at an assumed gold price of A$2 300/oz, at an all-in sustaining cost of A$1 493/oz.