Euro Sun Mining says it has given DRA Group’s SENET the task of delivering a definitive feasibility study on the Rovina Valley Project, in Romania.
SENET, a leading project management and engineering firm in the field of mineral processing, has completed in excess of 200 projects and facilities, as well as over 300 studies, in which the scope of work has included a variety of mineral/metallurgical process plants, crushing and screening plants and bulk materials handling facilities for mining and industrial applications, according to Euro Sun.
The engineering firm will oversee and consolidate studies from a number of industry experts to fast-track the study in order for Euro Sun to be able to start construction on its Rovina Mining License, Euro Sun said, adding that the study is expected to be completed by year end.
A February 2019 preliminary economic assessment on Rovina, which factored in only circa-29% of total mineral resources, estimated average annual production of 139,000 oz of gold-equivalent over a 12-year mine life. This came with a capital expenditure bill of $339.7 million, including $264 million for a central plant built for all three deposits.
The company is targeting an 18-year mine life, with initial capital expenditure in line with the PEA, in this updated study.
Darren Naylor, Managing Director of SENET, said: “We are excited to be awarded the study on such an exciting project and are very excited about the prospect of supporting Euro Sun in delivering a world-class study. We believe that our track record in delivering projects on time and within budget will be mutually beneficial to SENET and Euro Sun and we look forward to a long and rewarding partnership.”
Sam Rasmussen, Chief Operating Officer of Euro Sun, said: “We are very pleased to have SENET on board. SENET has time and again delivered projects in remote countries, with logistical and cross-border challenges, and this is the type of expertise we require to take Rovina to the ‘ready for construction’ phase. SENET has a reputation for delivering projects on time and within budget and this is why we have appointed them on this project.”