Pasofino Gold

Pasofino Gold is advancing the Dugbe gold project in Liberia. A recently completed feasibility study outlines a 14 year mine life producing 2.3Moz of gold. The project has robust economics including a pre-tax NPV of $690M at a 5% discount rate and a 26.4% IRR at a base case gold price of $1,700/oz. Initial capex is $397M with a payback period of 3.3 years.

The Dugbe project contains open pitable gold deposits with 3.3Moz in measured and indicated resources at 1.37g/t Au. The deposits have thick mineralized zones outcropping at surface. There is resource upside from targets within a 10km radius of existing deposits that remain undrilled. Pasofino also sees potential to optimize the project design to further improve economics.

Pasofino has secured a Mineral Development Agreement with the Liberian government that provides a 25 year mining license. Liberia has an established mining industry and the project is located only 76km from a port facility. Pasofino has been conducting extensive community engagement and aims to develop the project responsibly.

Going forward Pasofino is focused on advancing permitting and project development. With the feasibility study completed, Pasofino sees Dugbe as an undervalued gold development project.