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Shanta delivers 'attractive' West Kenya scoping study

A promising scoping study for Shanta Gold’s West Kenya project has revealed a post-tax NPV of US$340 million and IRR of 110% at a US$1,700/oz gold price.

Shanta delivers 'attractive' West Kenya scoping study Shanta delivers 'attractive' West Kenya scoping study Shanta delivers 'attractive' West Kenya scoping study Shanta delivers 'attractive' West Kenya scoping study Shanta delivers 'attractive' West Kenya scoping study

Shanta Gold's primary asset is the New Luika gold mine, located in southwest Tanzania

The independently-prepared study showed a nine-year life of mine production figure just shy of 1Moz at an average of 105,000oz per year, with average head grade mined at 9.3g/t.