Fury Gold Mines highlights Eau Claire PEA with after-tax NPV5% of C$554 million, IRR 41%
FURY•Eau Claire PEA and project plans
Fury Gold Mines outlined plans to advance the Eau Claire gold project in Quebec, centered on development work and continued drilling.
Eau Claire mineral resources: 1.16 million oz measured and indicated at 5.64 g/t Au; 723,000 oz inferred at 4.13 g/t Au.
PEA base case for Eau Claire: after-tax NPV(5%) C$554 million; after-tax IRR 41%; initial capex C$217 million; AISC US$1,140/oz.
Corporate snapshot and portfolio optionality
Corporate snapshot: market cap C$154 million; 190,100,000 shares outstanding; treasury C$6.3 million cash; C$53.9 million marketable securities.
Portfolio optionality highlighted by Committee Bay resources in Nunavut: 524,000 oz indicated at 7.85 g/t Au; 720,000 oz inferred at 7.64 g/t Au.
