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About Troilus
Operator : Troilus Gold Corporation (100%)
Sustainability : Program Overview
Acquisition Date : August 4, 2020
Acquisition Price: $7.5 Million
Terms : 1% NSR royalty
Upcoming Catalysts and Milestones
- Ongoing Expansion Drilling: 10,000m per month throughout Summer
- 2021: Regional Exploration
- H2 2021: Complete EIA
- H2 2021: Pre-Feasibility Study & Mineral Resource Update
Overview
The Troilus gold project offers a unique opportunity for a mine restart in Québec, Canada with significant existing infrastructure worth an estimated US$350 million and located within the Plan Nord region. Over 80,500 metres of drilling over the last two years has been completed on the project. Troilus has become one of the largest undeveloped gold resources in Canada and based on recent PEA results, the project shows potential to become a top-ranked gold producing asset in the country.
Recent PEA Highlights:
- After-tax IRR of 22.9% and NPV5% of $576 million based on $1,475/oz gold
- Projected gold production of 220,000 oz average per year for the first 5 years and 246,000 oz average per year for the first 14 years
- Open pit mine life of 14 years
- Total mine life of 22 years with future underground development
- Initial capital of $333 million
- Average cash operating costs of $919/oz gold and all-in sustaining costs of $1,051/oz gold
- Payable Gold of 3.8 million ounces, payable Copper of 265 million lbs and payable Silver of 1.5 million ounces
- Average strip ratio for the open pit life of the mine estimated at 3.9:1
Upside Potential:
- Southwest: New discovery in 2020: +11km mineralized trend confirmed to date
- Allongé: Future drill target




Activity
July 15, 2021
Troilus Closes Strategic Investment From the Government of Québec and Fonds De Solidarité FTQ Establishing a Framework for Project Financing
July 7, 2021
Troilus drills 4.72 g/t AuEq Over 7 Metres and 22.51 g/t AuEq Over 1 Metre Within a Broader Intersection of 1.57 g/t Over 31 Metres in the J Zone
June 10, 2021
Troilus Announces Upsize to Bought Deal Public Offering to C$42.5M of Units and Flow-Through Units
June 1, 2021
Troilus Appoints Industry Veteran Richard Harrisson As Chief Operating Officer To Lead The Troilus Gold And Copper Project Redevelopment
April 8, 2021
Troilus Expands Southwest Zone Strike Length by 40% to 1.5 km; Extends Gold Mineralization 450 Metres Below PEA Pit
August 31, 2020
Troilus’ Preliminary Economic Assessment Delivers an After-Tax NPV5% of US$1,156 Million with a 38.3% IRR at a Spot Price of US$1950/oz Gold and an NPV5% of US$576 Million and 22.9% IRR at Base Case US$1475/oz Gold
July 28, 2020
Troilus Reports New Mineral Resource Estimate of 4.96 Million Indicated AuEq Ounces and 3.15 Million Inferred AuEq Ounces
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