07:19 AM EDT, 10/10/2024 (MT Newswires) -- Liberty Gold ( LGDTF ) reported on Thursday the results of a preliminary feasibility study (PFS) for the Black Pine oxide gold project in Idaho.

The study outlined an after-tax net present value of US$552 million based on a 5% discount rate, with a 32% internal rate of return and a 3.3-year payback period at a base case gold price of US$2,000 per ounce.

Average annual gold production was estimated at 135,000 ounces over a 17-year mine life. Initial capital was pegged at US$327 million.

"This PFS highlights the strong economic potential at Black Pine, representing our vision for a low-risk, sustainable and long-lived gold mining operation in Idaho," CEO Cal Everett said. "It demonstrates the Project's ability to exploit higher grades early in the mine life, allowing for solid cash flows over the first five years, with a production profile that reduces the payback period and maximizes the initial return for our investors."