MetalsTech Ltd (AU:MTC) has released an update.
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MetalsTech Limited’s revised scoping study for its Sturec Gold Mine in Slovakia highlights promising economic and technical viability, positioning the project as a potential low-cost producer of gold and silver concentrates. The study indicates a substantial production outlook with an initial mine life of nine years and robust financial metrics, including a pre-tax NPV of USD 768 million and an impressive internal rate of return of 162%. However, the company acknowledges the need for significant funding to realize these plans, with pre-production capital estimated at USD 75.8 million.
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