Name of the Project
Mineral Point gold project.

Location
The project is a component of the broader Ruby Hill Complex, located along the south-eastern end of the Battle Mountain-Eureka Trend, in northern Nevada, US.

Project Owner/s
Nevada-focused mining company i-80 Gold.

Project Description
A preliminary economic assessment (PEA) has demonstrated that the project has the potential to become the flagship asset within i-80’s gold portfolio.

The project is an extension of the historically mined Archimedes openpit, a major past-producing asset.

The project contains a large oxide gold and silver deposit, as well as multiple base metal deposits, which is amenable to heap leaching after a two-stage crush.

Current processing infrastructure includes a primary and secondary crushing plant, grinding mill, leach pad and carbon-in-column circuit, which are designed to process oxide 
material.

The PEA incorporates a two-stage crush for the process material placed on the heap leach. Owing to the silver in the deposit, a Merrill Crowe plant has been included in the process.

Appropriate facilities are planned to the west of the current facilities to minimise haulage distances and optimise facility layout for the estimated 17-year mine life.

The PEA envisages average gold equivalent production of about 280 000 oz/y of gold following production ramp up.

The mine will be developed in consecutive phases to manage the stripping ratio and provide consistent process feed. It will be accessed by a set of ramps designed for 320 t haul trucks on the west side of the pit. 

Mining will be conducted by rope and hydraulic shovels with a production rate of 23-million tonnes a year of processed tonnes.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
At a gold price of $2 175/oz, the project has a pretax net present value, at a 5% discount rate, of $828-million and an internal rate of return of 12%.

Capital Expenditure
Total mine construction costs are estimated at $994.8-million.

Planned Start/End Date
Base line work started in the fall of 2024 to allow for Mineral Point permitting to start in the second half of 2027, following regulatory agency approvals of the lower Archimedes underground permitting actions.

Construction is expected to start in early 2030, subject to obtaining the necessary permits by December 31, 2029.

Latest Developments
A feasibility study with an updated mineral resource estimate is expected to be completed in 2029.

Key Contracts, Suppliers and Consultants
Not disclosed.

Contact Details for Project Information
i-80, tel +1 775 525 6450 or email Info@i80gold.com.