Hallgarten adds EQ Resource to model resource portfolio, page-3

WOW, things work quickly. Chris has updated his article after being informed there was a 3rd BFS.

BFS
The revised BFS was published in May of 2023 with the following key metrics:
Mt Carbine BFS - May 2023
$AUD
Capital $26.3mn
Pre-Tax NPV @8% $307.1mn
IRR 477%
LoM EBITDA $450mn
Cash cost - USD/MTU US$104
Payback < 1 year
Strip Ratio 3.9:1
Concentrate Produced 38,570 tonnes
(50% WO3)
The capital is clearly an unchallenging number and the pre-tax NPV a vast multiple of the CapEx, which is
always what we want to see.