re: Ann: Positive Results for Bundi Project S...
10:55 am Positive Results for Bundi Project Scoping Study
Highlights Mine life of 28 years producing over 5 million sales tonnes on average per year during steady-state production Project NPV real, before tax, is between $600 million and $660 million at a 10% discount rate and the IRR, before tax is between 16% and 17%. Continuous coal seam amenable to underground longwall mining Mining seam section 2.75 – 3.65m Average yield from mining study 78% at 6300kcal/kg GAD Average cost to FOB $80.72 per tonne, excluding royalties Initial Capital expenditure $994 million
9:18 am Maiden Indicated Resource for Columboola JV Highlights Maiden Indicated JORC Resource of 94.7 Mt for Columboola Total Resource increased by 26% to 1.7 Billion tonnes MetroCoal’s total thermal coal resource now 4.2 Billion tonnes Conceptual study underway
MTE Price at posting:
20.5¢ Sentiment: ST Buy Disclosure: Held
