Rua Gold PEA Shows US$42M NPV, 17% IRR and 19,000-Metre Drill Program
MAKO•Rua Gold Inc.’s Auld Creek project PEA shows after-tax NPV5% of US$42 million, IRR of 17% and 3.3-year payback. At US$4,700/oz gold, NPV rises to US$113 million, IRR to 36%, supported by US$132.6 million capex and an ongoing 19,000-metre drill program.
1. Positive PEA Highlights
Rua Gold’s Auld Creek Gold-Antimony Project PEA delivers an after-tax NPV5% of US$42 million, IRR of 17% and a 3.3-year payback on a base case. At spot gold of US$4,700/oz, the study yields an NPV of US$113 million, IRR of 36% and a 2.2-year payback.
2. Capital Structure, Costs and Recoveries
The PEA outlines initial capex of US$132.6 million including a 29% contingency for a 5.5-year, 250,000 tpa underground operation. Projected recoveries are 95% gold and 85% antimony, with cash costs of US$1,400/oz and AISC of US$1,850/oz, placing the mine comfortably inside the global cost curve.
3. Drilling Program and Next Steps
Rua Gold has initiated a 19,000-metre infill and step-out drill program targeting Inferred-to-Indicated conversion and resource extension at depth and to the north. The company aims to deliver a Pre-Feasibility Study in Q4 2026 under New Zealand’s fast-track approvals process, leveraging dual gold and antimony revenue streams.
