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ALTAMIN PROJECTS

GORNO

Gorno has the potential to become a new globally significant zinc district with a long life of mine, located in the heart of European metal consumption, supplying much needed high grade and clean zinc and lead concentrates.

Altamin completed a scoping study in November 2021 which estimates an approximate total production target of 6.0 million tonnes containing 77% indicated and 23% inferred mineral resources at or above a cut-off grade of 3.5% zinc equivalent at an annual mining rate of 800,000 tonnes over the proposed nine-year Life of Mine. 

The study also identified a Post-Tax NPV of US$211M​, a Post-Tax IRR​ of 50%​, and Initial Capital Expenditure of US$114M​. Annual free cashflow is expected to average about $67 million during the 2026-2031 production period.

PROJECT HIGHLIGHTS

HIGH-QUALITY ASSET

Gorno has the potential to become a long life, strategic asset located in the heart of European metal consumption.
 

LOW-COST RESTART

Established infrastructure & logistics with well developed UG and surface access.
 

DEVELOPING GORNO

Exploration program for Gorno Mineral Resource growth and targeting a de-risked development decision leveraging off existing technical studies, aiming for production Q1 2024.
 

REGIONAL SUPPORT

Supportive local communities and regulators in an industrialised area with extractive industries nearby.

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NEWS FEED

TWITTER FEED

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