"Santa Barbara is host to a high-grade mesothermal gold vein system in which a pilot plant with 30 tonnes per day capacity has previously processed 500 tonnes bulk sample in individual 10 ton batches, with average recoveries of 24 g/t Au. It represents an early cashflow opportunity for Aguia expected to be by the end of 2024. Work has already commenced to design and upgrade the pilot plant and exploration development plans to a continuous fully operating plant capable of processing 50 tonnes per day. The construction will take approximately 6 months at a cost of AUD $2million."
So the stated plan is to upgrade the Processing Plant from 30T/day to 50T/day.
50T day is about 1500T per month @ say only 20gm/T is 30,000 g/mth or about 950 oz/mth.
Gold Price of $A3,500, that's Revenue of $3.3m/mth.
If Costs are say $A600/oz that's $570k/mth & Profit is about $2.7m/ mth.
The CapEx is about $2m. It's all in the link below.
So Revenue of about $3.3m/mth. Profit of about $2.7m/mth.
Planned start: by the end of this year.
NB: The Capex is less than the expected monthly profit. Wow. I like those figures.
