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40.0¢ ardea resources limited

Ann: Outstanding PFS for the Goongarrie Nickel Cobalt Project, page-6

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HAC30

5,633 Posts.

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28/03/18

09:58

Post #: 32079028
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Originally posted by onthepunt ↑

Nothing wrong with starting conservatively.

1.0 Mtpa base case production. › 5,500 tpa of cobalt sulphate (1,180 tpa contained cobalt). › 41,500 tpa of nickel sulphate (9,300 tpa contained nickel).
› Capital cost of A$599 million including A$77 million contingency.
› Competitive industry C1 cash cost of US$0.42/lb nickel metal (after cobalt credits).
 Strong interest from potential EPC and offtake partners.
 Definitive Feasibility Study (DFS) programs underway.
 Upside options being assessed, including higher throughput/shorter autoclave residence time, multiple parallel trains, mineralised neutraliser optimisation, and scandium production.
 Goongarrie reserve is less than 5 % of the total Kalgoorlie Nickel Project (KNP) resource, confirming the project’s potential scalability.

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Using $41/lb is not conservative...

ARL Price at posting: $1.67 Sentiment: None Disclosure: Not Held
10 Upvote

0 Great analysis

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