Just over a year ago Augusta bought the Reward project for US$45m (A$70m or nearly 3 x the present market cap of Saturn Metals). It has a global resource of 454 koz @ 0.75g/t. They are presently undertaking a feasibility study on the project. It was formerly owned by Atna Resources who did a feasibility study back in 2012.
They used a head grade of 0.75 g/t, an average recovery rate of 80% and a life of mine strip ratio of 3.1. That's an SARG of 0.15 g/t versus Apollo Hill which is 0.16 g/t. As the article notes Bullfrog and Reward (combined global resource circa 2 Moz) represents multiple deposits (the two principal projects being 7 miles apart). Apollo Hill is one large open pit which makes life much easier.
Augusta is actually a really good comparison (the global resource size is similar) and accentuates the disconnect between North America and Australia when it comes to the valuation of heap leach deposits.
- Forums
- ASX - By Stock
- STN
- Saturn Metals (ASX:STN) proving grade isn’t king in the gold game
Saturn Metals (ASX:STN) proving grade isn’t king in the gold game, page-3
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add STN (ASX) to my watchlist
|
|||||
Last
19.0¢ |
Change
-0.005(2.56%) |
Mkt cap ! $53.13M |
Open | High | Low | Value | Volume |
19.0¢ | 19.0¢ | 18.5¢ | $29.1K | 155.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 88037 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 35970 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 88037 | 0.185 |
1 | 168850 | 0.180 |
1 | 25000 | 0.175 |
1 | 50000 | 0.170 |
4 | 103000 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 35970 | 1 |
0.195 | 54146 | 2 |
0.205 | 14750 | 1 |
0.210 | 13000 | 1 |
0.220 | 17113 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
STN (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online