PROJECT DEVELOPMENT
ASX- and TSX-listed Gold producer Troy Resources on Monday reported positive results from an updated prefeasibility study considering only an openpit mining scenario for its Smarts and Hicks deposits at its 100%-owned Karouni project, in Guyana, providing a faster route to production as opposed to including an underground mine. The Perth, Australia-based company explained that the latest study considered only measured and indicated resources that were mineable by opencut and followed on from the Canadian National Instrument 43-101 preliminary economic assessment (PEA) and Joint Ore Reserves Committee scoping study that considered both the openpit and underground mining of the Smarts and Hicks indicated and inferred resources announced on January 21.
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