Siren Gold's Reefton Goldfields, are just that, a collection of High Grade Orogenic and Porphery Gold deposits and there is more and more information being released about the value of the Stibnite, as a secondary ore.
Why is important?
The stibnite will be sold alongside the high grade goldfor US military use, further reducing the All In Sustainable Cost of Siren's gold mines at Alexander River, Big River, Lyell, Sams Creek and Auld Creek....
Excluding the stibnite, Siren's AISC costs will be sitting at some of the lowest on the ASX (~$A1,200/Oz), giving the company incredible free cashflows, by selling the Stibnite, we should expect to see Siren's AISC fall below $A500/Oz.
With the gold price sitting at $A2,648/Oz today, this would give Siren a gross profit of over $A2,100/Oz.
I'm looking forward to Rodan and Angus collating enough assay result data to provide an update on their estimates of the lower AISC cost once the secondary ore Stibnite sales are included in their JORC Upgrades.
As well as the possibilities of a New High Grade/Bonanza Grade Zone Discovery......
Ann: Presentation - New Zealand Resources 2022, page-2
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