Name of the Project
Troilus copper/gold project.

Location
Frôtet-Evans greenstone belt in north-central Quebec, Canada.

Project Owner/s
Troilus Gold Corp.

Project Description
The Troilus project comprises four main zones of mineralisation, located on a north-east/south-west trend covering covering about 7 km.

These deposits will be mined using conventional openpit mining methods over a 22-year period. Ore will be processed in a flotation mill to produce gold-rich copper concentrate for sale to a smelter, with provision for gravity gold recovery to produce doré after Year 1.

Life-of-mine (LoM) average payable gold production is estimated at 244 600 oz/y, 17.3-million pounds a year of copper and 446 700 oz/y of silver.

Peak payable gold production is estimated at 456 100 oz/y,  31.8-million pounds of copper and 613 600 oz of silver in Year 7.

Total LoM total payable gold is estimated at 5.4-million ounces, 382-million pounds of copper and 9.9-million ounces of silver.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 5% discount rate, of $1.56-billion and an internal rate of return of 18.1%, with an after-tax payback of  5.7 years.

Capital Expenditure
Initial capital expenditure is estimated at $1.07-billion.

Planned Start/End Date
Not stated.

Latest Developments
Troilus Gold has received a letter of intent (LOI) from Euler Hermes Aktiengesellschaft, representing the German Federal Ministry for Economic Affairs and Climate Action.

The LOI confirms the in-principle eligibility for an untied loan guarantee of up to $500-million, contingent on the signing of a commercial off-take agreement with German copper smelter Aurubis. The agreement will span up to 15 years and is subject to customary due diligence, including assessments of economic, technical, environmental and social factors.

This move represents a milestone in securing the necessary financing for the development of the project. 

The company has indicated that the LOI is part of a broader strategy to establish a comprehensive financing package. This package will be complemented by ongoing discussions with other smelting partners, export credit agencies, commercial banks and global mining finance institutions.

Further financing announcements are expected in the coming weeks.

Key Contracts, Suppliers and Consultants
Not disclosed.

Contact Details for Project Information
Troilus Gold Corp, tel +1 647 276 0050 or email  info@troilusgold.com.