The DFS was released to coincide with managing director Marc Ducler's presentation this morning at the Noosa Mining & Exploration Conference.
As part of the study, the company announced a maiden reserve of 1.4 million tonnes at 4.4 grams per tonne gold for 200,000 ounces of gold.
The company will process 1.2Mt at 6.94gpt for 250,000oz, up from 200,000oz in the May 2017 prefeasibility study.
"We've grown the size of the prize," Ducler said.
The mined ore will be upgraded via a dual sensor (XRT and EM) ore sorter to produce a concentrate of 1.2Mt at 6.9gpt gold, which will then processed through a standard CIL circuit.
The project will produce 250,000oz over an initial 6.5-year mine life at all-in sustaining costs of A$1083 an ou...