Highlights include: Positive Pre‐feasibility level outcomes for Stage 1 development plans, including: Pre‐tax NPV (8%) of A$261 million (Post tax NPV (8%) of A$175 million). Pre‐tax IRR of 46% (Post tax IRR of 38%). EBITDA annual average is estimated to be A$100 million with an EBITDA margin of 51%. An assertive marketing strategy underpinned by an annual production target of 2.4 million tonnes processed to produce approximately 88,000 tonnes of flake graphite concentrate grading 98% total graphitic carbon (TGC) on average per year. Significant scope for additional cost improvements identified
Recent battery test work results for spheroidised material are highly encouraging – the sample “passed” on all the key preliminary assessment criteria.
Definitive Fesability Study - was completed Joint Venture was established and then Terminated and seemed that an Ann from 2/10/19, 'interpret however you wish. But reads to me min of 3 to 4 years from any mining taking place if they can ever find funding.'
Main issue back then was their was no real movement in the price of Graphite and no real demand. Now with the projected shortage due to being an anode material for lithium batteries we are starting to see some growth in the cost per ton of Graphite.
No expert just what I found when doing my research. Also understand that this is really laid out poorly but might help you when doing your research.
Looks like there is a decent resource here just need to find the funding required to get it moving and upgrade the resource. Look forward to the updated PFS.
I'll have a dabble at these prices. DYOR
CML Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
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