An announcement from Rupert Resources ( (TSE:RUP) ) is now available.
Rupert Resources has completed a Pre-feasibility study for its Ikkari Project in Northern Finland, confirming a high-margin project with a Net Present Value of USD 1.7 billion and an Internal Rate of Return of 38%. The project, which has a 20-year life of mine, is expected to produce gold at a low cost, with the first gold pour targeted for 2030. The study highlights a probable mineral reserve of 3.5 million ounces, emphasizing the project’s strong economic potential with a manageable initial capital requirement of $575 million. These results reinforce Ikkari’s status as a promising venture in a favorable mining jurisdiction, potentially benefiting stakeholders and enhancing the company’s market position.
More about Rupert Resources
Rupert Resources Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral projects. The company is primarily engaged in the extraction of gold, with a significant project located in Northern Finland, known as the Ikkari Project.
YTD Price Performance: 11.06%
Average Trading Volume: 74,670
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$1.04B
See more insights into RUP stock on TipRanks’ Stock Analysis page.