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Bardoc Gold (ASX:BDC) - Bardoc Gold Project, Western Australia.
Bardoc Gold Project, Western Australia.
Source: Bardoc Gold
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  • Bardoc Gold’s (BDC) latest cashflow optimisation study estimates a 14 per cent increase in gold production at its flagship project within its first five years of operation
  • The company is proposing to host its processing facility at the Aphrodite deposit of its namesake project as a rationale for the increased forecast
  • The project touts a life-of-mine pre-tax cash-flow of $795 million and a pre-tax net present value of $524 million and 42.8 per cent internal rate of return
  • Bardoc Gold Chief Executive Officer Robert Ryan says the new strategy would deliver increased production, cash flow and financial returns
  • Bardoc Gold shares are down 1.47 per cent to trade at 6.7 cents

Bardoc Gold’s (BDC) latest cashflow optimisation study has estimated a 14 per cent increase in gold production at its flagship project within its first five years of operation.

The study commenced in the beginning of August and was hoped to increase gold production rates and free cash flow at its wholly-owned Bardoc Gold Project in the Eastern Goldfields of Western Australia.

Based on the outcomes of the study, Bardoc believes its project could produce an additional 80,000 ounces or 14 per cent more gold than initially forecasted.

In order to facilitate this, Bardoc said it plans to shift its proposed processing facility from its Zoroastrian and Excelsior deposits to the 1.6-million-ounce Aphrodite deposit.

The project touts a life-of-mine pre-tax cash-flow of $795 million and a pre-tax net present value of $524 million and 42.8 per cent internal rate of return.

Bardoc Gold Chief Executive Officer Robert Ryan said the new strategy would deliver increased production, cash-flow and financial returns.

“Bringing forward development of the cornerstone Aphrodite deposit will see Bardoc reach the 150,000 ounces per anum gold production milestone by year three,” he said.

“The plan also de-risks the project by bringing forward the capital expenditure for the flotation circuit and increasing gold production by 80,000 ounces in the first five years.”

A final investment decision for the project is expected by December 2021.

Bardoc Gold shares were down 1.47 per cent at 1:17 pm AEST to trade at 6.7 cents.

BDC by the numbers
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