- NST has decided to offload the prospect as it no longer suits its portfolio, but as per the miner, the project contains a strong potential on both exploration and production front.
- NST would get a 2 per cent NSR (or Net Smelter Royalty) for first 250,000 ounces of ore, followed by 0.75 per cent NST on any subsequent gold production.
- The project contains a JORC 2012 classified Mineral Resource of 20.8 million tonnes at an average grade of 2.5g/t of gold, leading to an estimated 1.65 million ounces of contained gold.
Want to get exclusive insights into the star stock of the year? Gold stocks stood solid and ensured a safety net for investors.
Click now to access our report on Gold Stocks to understand how the rise in gold prices propelled the ASX-listed gold stocks, and many emerged as the star performer of the year.
Inside this report, you shall discover
How the price trends of gold have got it where it is With the rallying gold prices and the record-buying from Central Banks, the gold spot rose from $1,655.14 (low in December 2018) to $2,322.26 (high in August 2019). A promising return of over 40 percent was seen in the year 2019. Get exclusive insights into how the trends set the foundation for the performance and how Gold stocks seem to be a safe bet when you look back.
Which stocks you should have been looking at: Find out which stocks delivered promising returns to investors. Gold stocks such as Gold Road Resources Limited (ASX: GOR), Kirkland Lake Limited (ASX: KLA) Newcrest Mining Limited (ASX: NCM) delivered better returns against the S&P Commodity Producers Gold Total Return Index.