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Godolphin’s Lewis Ponds Scoping Study Reveals AUD$481M NPV and 12-Year Mine Life

9:42am on Monday 16th of February, 2026 AEDT Mining
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Godolphin’s Lewis Ponds Scoping Study Reveals AUD$481M NPV and 12-Year Mine Life

9:42am on Monday 16th of February, 2026 AEDT
Key Points
  • 12-year combined open pit and underground mine life at 1.25Mtpa throughput
  • Base case pre-tax NPV of AUD$481M and IRR of 24% with six-year payback
  • Upside case with spot prices delivers AUD$1.1 billion free cash flow and 40% IRR
  • Pre-production capital estimated at AUD$268M with AISC of AUD$3,254 per gold equivalent ounce
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