Numbers propel Cardinal's big Namdini project into full feasibility

CARDINAL Resources is moving into a full feasibility study after preliminary work showed a US$414 million development at Namdini in Ghana could produce an average of nearly 300,000 ounces per annum at all-in-sustaining-costs of $769/oz.

Numbers propel Cardinal's big Namdini project into full feasibility Numbers propel Cardinal's big Namdini project into full feasibility Numbers propel Cardinal's big Namdini project into full feasibility Numbers propel Cardinal's big Namdini project into full feasibility Numbers propel Cardinal's big Namdini project into full feasibility

Namdini

On a post-tax basis the project was estimated to have an NPV of $586 million, and an IRR of 38%.

Payback was put at 1.8 years, with Cardinal using a gold price of $1250/oz for its modelling.

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