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Greenwing Resources Ltd ( (AU:GW1) ) has issued an update.
Greenwing Resources Ltd has completed a scoping study for its Que River Project, highlighting a low-cost pathway to potential cash flow from the re-development of existing open pits. The study indicates that the project can support a potentially cash-positive re-development through conventional open-pit operations with a modest upfront capital requirement of approximately A$10 million. The project is expected to process around 665,000 tonnes with a net smelter revenue of A$189 per tonne, resulting in an undiscounted cash flow of approximately A$63 million within less than a year of production. The study also identifies strong exploration upside with high-grade gold and silver intercepts, positioning Greenwing Resources favorably in the industry.
More about Greenwing Resources Ltd
Greenwing Resources Ltd is a company operating in the mining industry, focusing on polymetallic assets. The company is involved in the exploration and development of mineral resources, with a particular emphasis on gold, silver, and copper. Its market focus includes leveraging existing regional infrastructure to optimize production and cash flow.
Average Trading Volume: 413,591
Technical Sentiment Signal: Sell
Current Market Cap: A$12.95M
For a thorough assessment of GW1 stock, go to TipRanks’ Stock Analysis page.