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Black Bear Minerals Limited (ASX:BKB)

ALERT: Price-sensitive ASX Announcement for BKB
Current share price for BKB : $0.445 -0.04 (-8.25%)+
Announcement
Release
3 Aug 2026 8:30AM
Price at Release
$0.485
Full Release
download
Summary
The Independence Scoping Study conducted by Black Bear Minerals Limited outlines a promising economic outlook for the Independence Gold Project with a post-tax NPV of approximately AUD$511 million and an IRR of 64%. The project entails a conventional open-pit mining approach with a heap-leach process targeting 31.9 million tonnes of ore over a 9.7-year mine life. Initial capital expenditure is estimated at AUD$119 million with a quick payback period of 1.4 years. The mining plan incorporates both North and South open pits, focusing on both Indicated and Inferred Mineral Resources with an overall gold recovery rate of 76% and silver recovery of 27%. The project is poised to sustain a workforce of 92 personnel and pending requisite permits, it projects a development timeline of two to four years.
Key Points
  • Scoping Study shows strong post-tax NPV of approximately AUD$511 million and IRR of 64%.
  • The mine plan involves a conventional open-pit, heap-leach operation.
  • The project targets production of 31.9 million tonnes of ore over a 9.7-year period.
  • Gold recovery is estimated at 76% overall, with silver recovery at 27%.
  • An initial capital investment of approximately AUD$119 million is required, with a payback period of around 1.4 years.
  • The project involves the development of North and South open pits with a strip ratio of 1.20:1.
  • The production target comprises 73% Indicated and 27% Inferred Mineral Resources.
  • Estimated All-In Sustaining Cost (AISC) is ~AUD$2,248 per ounce of gold.
  • The project anticipates a peak workforce of 92 personnel during operations.
  • Permitting and environmental approvals are pending, with potential development timeframe of two to four years.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.