Roxgold Files NI 43-101 Technical Report for the Séguéla Gold Project

Rhea-AI Summary

Roxgold Inc. has filed the Feasibility Study NI 43-101 Technical Report for the Séguéla Gold Project in Côte d’Ivoire, effective May 26, 2021. The report highlights a robust after-tax NPV of US$380 million and an impressive 49% internal rate of return (IRR) as disclosed in the April 19, 2021 news release. This report meets the Canadian Securities Administrator’s standards and is accessible on SEDAR and the company’s website. Roxgold operates the high-grade Yaramoko Gold Mine in Burkina Faso and is advancing the Séguéla project.

Positive

• Feasibility Study indicates after-tax NPV of US$380 million.
• The project boasts a 49% internal rate of return (IRR).
• Technical Report complies with Canadian Securities Administrator standards.

Negative

• None.

Roxgold Inc. (“Roxgold” or “the Company”) (TSX: ROXG) (OTCQX: ROGFF) is pleased to announce today that it has filed the Feasibility Study NI 43-101 Technical Report on the Séguéla Gold Project in Côte d’Ivoire. The report has an effective date of May 26, 2021 and is entitled “NI 43-101 Technical Report Séguéla Project, Feasibility Study, Worodougou Region, Côte d’Ivoire”. The results of the Feasibility Study were previously disclosed in the Company’s news release dated April 19, 2021, “Roxgold Announces Robust Séguéla Feasibility Study with After-Tax NPV of US$380 Million and 49% IRR.”

The Technical Report was prepared in accordance with the Canadian Securities Administrator’s National Instrument 43-101 – Standards of Disclosure for Mineral Projects; and is available for review under the Company’s profile on SEDAR at www.sedar.com and on the Company’s web site at www.roxgold.com.

About Roxgold

Roxgold is a Canadian-based gold mining company with assets located in West Africa. The Company owns and operates the high-grade Yaramoko Gold Mine located on the Houndé greenstone belt in Burkina Faso and is advancing the development and exploration of the Séguéla Gold Project located in Côte d’Ivoire. Roxgold trades on the TSX under the symbol ROXG and as ROGFF on OTCQX.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210527005802/en/

FAQ

What are the key findings of Roxgold's Feasibility Study for the Séguéla Gold Project?

The Feasibility Study reveals an after-tax NPV of US$380 million and a 49% internal rate of return (IRR).

Where can I find the Technical Report for Roxgold's Séguéla Gold Project?

The Technical Report is available on SEDAR and on Roxgold's official website.

What is the effective date of the Feasibility Study for the Séguéla Gold Project?

The effective date of the Feasibility Study is May 26, 2021.

Under which standards was the Technical Report for the Séguéla Gold Project prepared?

The Technical Report was prepared in accordance with the Canadian Securities Administrator’s National Instrument 43-101.