Brownie needs to be bench marked against the projections he made on July 2, 2020.
Maiden Proved & Probable Ore Reserve of 50.55Mt at 10.3% Mn containing 5.22Mt Mn (4.28Mt Recoverable Mn).
Pre-tax NPV8 of Nominal A$441M.IRR of Nominal 255%.
Low CAPEX of A$14.5M plus A$9.2M working capital.
Average annual operating cash flow of A$32.1M for years 1-5 in the staged approach.
Simple payback period 6-months from the start of operations.
Full beneficial production scheduled for next financial year.42-year life-of-mine.
Annual production and sale of 312,000tpa of medium-grade lump manganese concentrate grading 30-35% Mn.'Complements and enhances the plan' to develop and Electrolytic Manganese Metal (EMM) plant.
E25 Price at posting:
82.0¢ Sentiment: None Disclosure: Not Held
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