Dacian Gold Revenue and Competitors

Dacian Gold Limited (ASX:DCN) is a Western Australian based gold development and exploration company. Its sole focus is to bring its 100% owned Mt Morgans Gold Project (MMGP) in the highly endowed Laverton district of Western Australia into production in Q12018 The Company completed a definitive Feasibility Study in November 2016 and commenced construction in January 2017, once key approvals were granted and permits received. The Feasibility Study delivers an initial Ore Reserve of 18.6Mt @ 2.0g/t Au for 1.2Moz at an AISC of A$1,039/oz (US$779/oz) and an initial 8 year mine and treatment schedule produces an average 186,000oz per annum for the first 4 years. Dacian Gold estimates infrastructure capital costs of A$172M (US$129M). This includes a new 2.5Mtpa CIL treatment facility and tailings storage facility and 416-person accommodation village. The MMGP is a brownfields site and as such, much of the necessary infrastructure and services required to build the operation are already in place. All project tenure is granted Mining Leases with an installed gas pipeline, on-site high quality raw water supply, local townships with sealed airstrips 25km away, installed communication tower on site, sealed highways within tenure, existing haul roads on site and a construction camp is in place. The Feasibility Study contemplates two mining complexes 15km apart - underground mining at Westralia and open pit mining at Jupiter. Upon completion of the Feasibility Study, Dacian Gold secured up to A$150M in project debt funding with three tier-one banks. Construction started in early CY2017, with gold production to commence in Q1 CY2018.