Ann: 2024 Scoping Study Alaska Range Copper Gold Project, page-34

Today’s edition of the MineLife Bulletin is now on-line - read it here.

PolarX (ASX: PXX)Coverage stock PolarX (ASX: PXX) is continuing to kick goals with respect to its Alaskan gold-copper mining ambitions, despite extremely tough market conditions. Revised Scoping Study outcomes for its Alaska Range copper-gold project reflect enhanced metals recovery and concentrate grades from recent test-work, which have boosted projected returns. These include a doubling of Pre-Tax NPV7 from A$310M to A$625M, Pre-Tax IRR increasing from 38.6% to 73.9%, Mine Life EBITDA increasing from A$882M to A$1,269M, Average annual free cashflow increasing from A$82m to A$120M, and Capital Payback reducing from 2.75 years to 1.6 years. Metallurgical test-work and resource expansion work are ongoing in order to further enhance these numbers. We also had the opportunity for a discussion with PXX’s MD Jason Berton and Exec Chairman Mark Bojanjac.Read the BulletinI hope you enjoy today's note.Mine Life Pty LtdTel: +61 2 9713 1113www.minelife.com.au