Currently the global average grade for undeveloped gold deposits is less than 1g/t, whilst Taung Gold’s (621 HK) Evander project in South Africa has 7.6mnoz at a grade of 8g/t Au. A DFS was released in September 2016, indicating an NPV of US$725m and AISC of US$583/oz over the LoM meaning the Evander project would be well within the lowest quartile of the gold cost curve. Initial capex is projected at US$580m, according to the BFS, while production is expected to peak at 338koz gold and
