Key points
- Integrated open-pit and underground operation with 120ktpa CIL processing plant
- Peak pre-finance funding requirement of approximately A$19 million
- Base case forecasts A$18 million pre-tax NPV8, 84% pre-tax project IRR, and 11-month payback from first gold
- Initial production target of 215kt at 3.16g/t Au for approximately 20.2koz of recovered gold
- Subject to regulatory approvals, financing, and final investment decision
Full summary
WIN Metals Ltd (ASX:WIN) has announced the completion of the Radio Gold Project Re-Start Study, which outlines a potential low-capital pathway to gold production through an integrated open-pit and underground operation feeding a dedicated 120ktpa carbon-in-leach (CIL) processing plant. The study forecasts an A$18 million pre-tax NPV8, 84% pre-tax project IRR, and 11-month payback from first gold at A$6,000/oz. The initial production target is 215kt at 3.16g/t Au for approximately 20.2koz of recovered gold over a 29-month processing schedule. The study leverages existing mine development, site infrastructure, and processing equipment, reducing new-build scope. Subject to regulatory approvals, financing, and a final investment decision, development activities are targeted to commence in early 2027.
Guidance
A$18 million pre-tax NPV8, 84% pre-tax project IRR, 11-month payback from first gold
Outlook
WIN Metals aims to commence development activities in early 2027, subject to regulatory approvals, financing, and a final investment decision.