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    Hill End To Proceed With Sale of Gold Assets Following Strategic Review by PCF

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    awdasfdset
    Hill End Gold will proceed with selling its gold assets following a strategic review conducted by PCF Capital Group. The review recommended that the gold assets were likely to attract strong interest from buyers. This decision allows Hill End to focus on advancing its high purity alumina project in Victoria, where a pre-feasibility study found it would generate outstanding financial returns. PCF will now prepare documentation to facilitate a formal sales process for the gold assets starting in July 2018, with the aim of securing a sale by the third quarter of 2018.

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    Hill End To Proceed With Sale of Gold Assets Following Strategic Review by PCF

    Uploaded by

    awdasfdset
    22 views1 page
    Hill End Gold will proceed with selling its gold assets following a strategic review conducted by PCF Capital Group. The review recommended that the gold assets were likely to attract strong interest from buyers. This decision allows Hill End to focus on advancing its high purity alumina project in Victoria, where a pre-feasibility study found it would generate outstanding financial returns. PCF will now prepare documentation to facilitate a formal sales process for the gold assets starting in July 2018, with the aim of securing a sale by the third quarter of 2018.

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    2018

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    ASX-HEG_200618

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    Hill End Gold will proceed with selling its gold assets following a strategic review conducted by PCF Capital Group. The review recommended that the gold assets were likely to attract strong interest from buyers. This decision allows Hill End to focus on advancing its high purity alumina project in Victoria, where a pre-feasibility study found it would generate outstanding financial returns. PCF will now prepare documentation to facilitate a formal sales process for the gold assets starting in July 2018, with the aim of securing a sale by the third quarter of 2018.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    22 views1 page

    Hill End To Proceed With Sale of Gold Assets Following Strategic Review by PCF

    Uploaded by

    awdasfdset
    Hill End Gold will proceed with selling its gold assets following a strategic review conducted by PCF Capital Group. The review recommended that the gold assets were likely to attract strong interest from buyers. This decision allows Hill End to focus on advancing its high purity alumina project in Victoria, where a pre-feasibility study found it would generate outstanding financial returns. PCF will now prepare documentation to facilitate a formal sales process for the gold assets starting in July 2018, with the aim of securing a sale by the third quarter of 2018.

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    ACN 072 692 365

    STRATEGIC REVIEW OF GOLD ASSETS 20 June, 2018

    ASX Code:  HEG, HEGOC 

    Hill End to proceed with sale of gold 
    assets following strategic review by PCF  
     
    Hill End Gold (ASX:HEG) advises that the Company will proceed with its plan to 
    sell its gold assets. 
    The decision follows the results of a strategic review conducted by PCF Capital 
    Group (PCF). The review included a full assessment of the extensive database on 
    the assets and recommended that there is likely to be strong interest in their 
    sale. 
    Hill  End’s  decision  also  comes  in  light  of  the  strong  results  of  the  recently 
    completed  Pre‐feasibility  Study  (PFS)  on  the  company’s  Yendon  high  purity 
    alumina project in Victoria. 
    The PFS found that Yendon will generate outstanding financial returns, with low 
    production costs underpinning exceptional margins and generates a net present 
    value of US$692 million with an internal rate of return of 34 per cent (see ASX 
    release dated June 14, 2018). 
    Hill End intends to focus on advancing Yendon and as a result, will move ahead 
    with the sale of its gold assets. 
    PCF will now prepare documentation to facilitate a formal sales process that will 
    commence in early July and which will seek to secure an outcome for the assets 
    during Q3 2018. 
     
    Martin McFarlane  
    Managing Director 
    Media ‐ For further information, please contact: Paul Armstrong ‐ Read 
    Corporate +61 8 9388 1474  
    Hill End Site Office Sydney Office Website: www.hillendgold.com.au
    4 Bowen Street Suite 402, 3 Spring Street
    Hill End NSW 2850 Sydney NSW 2000
    Phone +612 6337 8343 Phone +612 8283 1915

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