Moneta is a Canadian-based gold exploration company focused on advancing its 100% wholly owned Tower Gold project, located in the Timmins region of Northeastern Ontario, Canada’s most prolific gold producing camp. The September 2022, PEA study outlined a combined open pit and underground mining and a 7.0 million tonne per annum conventional leach operation over a 24-year mine life, with 4.6 Moz of recovered gold, generating an after-tax NPV5% of $1,066M, IRR of 31.7%, and a 2.6-year payback at a gold price US$1,600/oz. Tower Gold hosts an estimated gold mineral resource of 4.5 Moz indicated and 8.3 Moz inferred. Moneta is committed to creating shareholder value through the strategic allocation of capital and a focus on the current resource upgrade drilling program, while conducting all business activities in an environmentally and socially responsible manner.
The Company’s 100% owned flagship Tower Gold Project, located 100 km east of Timmins, is one of the largest undeveloped gold deposits in Canada. Moneta has the largest land position in the eastern Timmins Camp, the most prolific gold producing belt in Canada and one of the top gold-producing areas in the world, with over 85 million ounces of gold produced to date. The project currently hosts a total indicated mineral resource of 4.46 million ounces of contained gold and a total inferred mineral resource of 8.29 million ounces contained gold.
Moneta Gold's Tower Gold project is located in Timmins, Ontario, Canada, with excellent infrastructure, an experienced workforce, and easy access to a major highway, Highway 101. An expanded infill and resource upgrade drill program of 190,000 metres is currently underway, in preparation of a mineral resource estimate update for the planned Pre-Feasibility Study (PFS).
