Musgrave Minerals sees low-cost, high-margin gold in Cue’s future
News Direct
Apr 17, 2023
–News Direct–
Musgrave Minerals Ltd (ASX:MGV) managing director Rob Waugh takes Proactive through a stage one pre-feasibility study (PFS) for the company’s cornerstone Cue Gold Project in WA. With a pre-tax internal rate of return of 95% and a pre-tax net present value of A$235 million, Waugh says the five-year development scenario represents a low-cost, high-margin gold opportunity. Musgrave plans to release a PFS for stage two early next year and is focused on updating the mineral resource and seeing the drill bit spinning in the coming months.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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