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date:12/10/2020
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HELIX Resources said scoping of its Tunkillia gold project in South Australia has showed opencut mining of an in-situ resource of 390,000 ounces at Area 223 would deliver an undiscounted cash surplus of over $62 million at a gold price of $550 per ounce, before capital costs.
Tunkillia contains a total of 10.5 million tonnes grading 2.2gpt for around 730,000 ounces, with the planned Area 223 pit (to a depth of 180m), having a head grade of 2.
Early days at gold discovery but there could be plenty of interested parties if it stacks up
Executive Outcomes: Helix, Vango and more
