MEYA MINE P.E.A. SPARKS BRIGHT FUTURE FOR TRUSTCO’S MINING PORTFOLIO
Windhoek, Khomas, Namibia, 3rd Sep 2024 – Trustco Group Holdings Limited (TTO.SJ), listed on the Namibian Stock Exchange (NSX), the Johannesburg Stock Exchange (JSE), and the OTCQX Best Market, is pleased to announce NI 43-101 Technical Report for the Meya Diamond Mine Project, Sierra Leone (the “Technical Report”). The Technical Report, dated 26 August 2024 with an effective date of 19 August 2024, was prepared at a Preliminary Economic Assessment (PEA) level. The PEA indicates favourable economic potential with a post-tax Internal Rate of Return (IRR) of 65% and a post-tax Net Present Value (NPV) of United States Dollar (USD) 95.1 million at a 10% discount rate over a 7-year life of mine.
Quinton Z van Rooyen, Trustco’s Deputy CEO
Quinton Z van Rooyen, Trustco’s Deputy CEO, commented o...