Lupaka Gold: C$7.6M in the bank and finally ready for production at Invicta

Invicta Lupaka

Lupaka Gold (LPK.V) has received the final US$2.5M cash payment from PLI (the third tranche of an initial US$6.1M streaming deal) and combined with the proceeds from selling 3.1 million shares of GoldMining (GOLD.V). After funding its ongoing activities at Invicta, Lupaka still has approximately C$7.6M in the bank which should be sufficient to bring the poly-metallic Invicta project in production.

An updated Preliminary Economic Assessment is expected to be completed (and published) this quarter, and this will be the basis for the mine plan and development scenario at Invicta which now finally seems to be going ahead after several years of (financial) suffering by the company.