PRECIOUS METALS

Altus boosts economics for Diba

The economics of AIM-listed Altus Strategies’ Diba gold project in Mali look more and more appealing after the company delivered an updated PEA showing a 32% increase in post-tax NPV versus its July estimate.

Oonagh Reidy
 Altus Strategies' Diba gold project located in in the Kayes region of western Mali

Altus Strategies' Diba gold project located in in the Kayes region of western Mali

The new estimate puts post-tax NPV10% at US$107 million at a gold price of $1,500/oz, with a payback of 6.1 months.   Altus CEO Steve Poulton said the update was "a product of increasing the modelled...

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