WWI: on track to a billion dollar valuation, page-8

The Big Picture

The Qala Shallows which is only stage 1 of the project support a 17 year mine life
Funding requirement is only US$50m,
Capex savings due to toll treating
53,000 oz pa. steady state Stage 1 production rate, increases to 80,000 oz PA months,
Small cash flow as early as February 2022, through accessing remnant ore positions that weren’t taken into account in the DFS
DFS numbers only relate to Stage 1 of a five stage program, representing only 40% of the expanded program.
steady state AISC of US$1,027/oz, including expected toll treatment charges
AISC margin US$ 800 oz au
53,000 o au = USD 42.4m
Robust DFS so financing agreement likely to be announced within 1 month imo