NCZ Potential Valuation, page-3

From the AGM 28 November 2017

Takes NCZ into top 10 zinc producers worldwide at number 5


Century Restart:
Fully Permitted with Financing Flexibility
•
Century restart is a globally significant operation:
•
Proven Ore Reserve:
•
2,300,000t zinc & 29,700,000oz silver
•
Design Capacity Production:
•
264,000tpa zinc metal & 3Moz pa silver
•
507,000tpa of concentrate
•
Mine Life:
•
6.3 years (tailings only)
•
Opportunity for in-
situ resource blending
•
Robust mine economics:
•
Start
-up capital requirements of A$50m (total A$113m)
•
NPV
8
= A$1,308m (post tax), 270% IRR, A$1,764m FCF
(at
US$1.25/lb zinc price)
•
NPV
8
= A$1,729m (post tax), 350% IRR, A$2,325m FCF
(at
US$1.50/lb zinc price)
•
Lowest cost quartile operations:
•
C1 Cash Costs = US$0.38/lb
•
C3 Cash Costs = US$0.50/lb
•
Fully permitted for restart operations
•Funding: A$50.7m cash & A$58.0m conditional debt facility