Ann: Terms of Reference for EIS released, page-6

It appears that the operational expenditure (Opex) for RVT is noticeably higher than that for the titanomagnetite (T) sites, nearly 1.5 times as much.

This discrepancy is also evident in the
1. EBITDA figures, with RVT at 130 million compared to 175-180 million for the T sites,
2. as well as in the Net Present Value (NPV), which ranges from 600 million for RVT to as high as 1320 million for the T sites.

The elevated Opex for RVT is likely attributable to its lower resource grade, as it ranks among the lowest in resource grade compared to both local and international peers.

Will be interesting to see how the BFS pans out.

Please share your thoughts/opinion on how you think RVT stacks up against other Australian peers.