10:02 AM EST - Moneta Gold Inc. : Provided a summary of the Company's 2022 key achievements in advancing the 100%-owned Tower Gold project, located in the Timmins Gold camp, Ontario. The company Increased mineral resources in 2022 from 4.0 million ounces gold ("Moz Au") indicated & 4.4 Moz Au inferred to 4.5 Moz Au indicated & 8.3 Moz Au inferred, positioning the Tower Gold project amongst the largest undeveloped gold projects in Canada. Completed a robust PEA in 2022 which highlighted an average annual gold production of 261,000 oz Au for the first 11 years at a cash cost of US$811/oz and all-in-sustaining-costs of US$1,004/oz, a life of mine annual after-tax cash flow of $1.9 billion, with an after-tax net present value at a 5% discount rate of $1.07 billion, an internal rate of return of 31.7%, with a 2.6 year pay back. Moneta Gold Inc.
shares T.ME are trading unchanged at $1.53.
