re: Ann: June Quarterly Activity Report and A... This is new isn't it ?
The results of the revised study show Ngualla will be a low cost producer. At a 10,000tpa REO production rate, capital costs of
US$373 million excluding contingency are also far lower than other projects.
The new and higher grade resource model offers the potential to "double production" rates to 20,000tpa REO, delivering an
NPV10 of US$3.833 billion and IRR of 77%.
Ann: June Quarterly Activity Report and Appendix , page-3
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