Roxmore Resources Unveils Positive Economic Prospects for Converse Gold Project

Roxmore Resources Inc. has released a promising Preliminary Economic Assessment (PEA) for its Converse Gold Project in Nevada. Key highlights include an after-tax NPV5% of $2.7 billion with an IRR of 43% at a gold price of $3,600/oz. The project boasts a 14-year mine life, producing an average of 246,000 ounces of gold annually. Operating costs are pegged at $1,592/oz with an AISC of $1,769/oz.

The project benefits from a large updated mineral resource estimate of 103 million tonnes of indicated resources and 218 million tonnes of inferred resources. Roxmore plans to enhance these estimates through an ongoing drilling program aimed at conversion and resource growth.

Located in Humboldt County, a prime gold mining jurisdiction, Converse is set for further development with a Preliminary Feasibility Study slated for late 2027.