SUBIACO, WESTERN AUSTRALIA / ACCESSWIRE / March 18, 2024 / The Board of RTG Mining Inc. (“RTG“, or the “Company“) (TSX:RTG) (ASX:RTG) is pleased to provide a cost update for Stage 1 of the Mabilo Project in The Philippines.
A review of the Stage 1 budget conducted by the site team in February 2024 has shown Capital Costs have not materially changed and remain below US$25M as quoted previously. The updated key components of costs for the Stage 1 capital include –
|
Stage 1 Capital Component |
US$M |
|
Mobilisation and Mining Facilities |
1.82 |
|
Topsoil Removal and Prestrip |
5.53 |
|
Sterilisation Drilling |
0.16 |
|
Creek Diversion |
0.71 |
|
Clearing and Grubbing and Site Prep. |
0.91 |
|
Relocation/Crop Compensation/Coconut Tree cutting |
1.46 |
|
Local Community Access Way |
0.25 |
|
Building and Office Equipment |
1.87 |
|
Light Vehicles and Other Equipment |
1.47 |
|
Port |
0.89 |
|
Land Acquisition |
3.65 |
|
Contingency (15%) |
2.81 |
|
Total |
21.53 |
Compared to the last cost review and budget in 2021, Total Operating Costs have…
