#SHG #Gold #ftse

Gold Producer asset
Luika mine:

✅$100m EBITDA
✅$50m cash generation
✅AISC US$883 /oz
✅80,000 - 85,000 oz reiterated for 2020
✅Reserves increased when Shanta drilled 2019-2020
#SHG #Gold

West Kenya Project Exploration:

✅NPV US$340 m
✅IRR 110% at $1,700/oz
✅AISC of US$681 /oz
✅annual gold production of 105,000 oz
✅150km of drilling over next 24 months with a lot of catalysts with reserves update
✅infill drilling to target 786koz at 12.82 g/t
#SHG #Gold

Singida Project (in construction)
✅NPV US$73m
✅IRR of 59% at a US$1,900/oz
✅AISC of US$869 /oz
✅infill drilling 2021
✅adding 110,000 oz on 1st year
✅upside potential resources of 9.8 Mt grading 2.11 g/t for 664koz outside project economics within Mining Licenses
#SHG #Gold

Shanta has total gold resources of 3.2 million oz grading 3.58 g/t across all three of its assets in Tanzania.

✅Fully funded Exploration
✅$45m cash (will pay debt $11.8m in Q1 2021)
✅divi pay April 2021
✅Plant expansion to be completed beginning of 2021
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