Ann: Resources Rising Stars Presentation, page-163

Promote away @tally49 I hold SHN and they are a no brainer

The team are excellent and have picked up some stellar assets right at the low of the cycle which folks will realise in a couple of years.

I've visited their office and their assets at Charters Towers, it will be revalued in due course as the commodities bull resumes.


In the meantime, Pock head mentioned NWC today. Kirsty Batten for the team.

New World Resources’ Antler

In 2020, New World Resources (ASX:NWC) acquired the rights to the Antler project in Arizona, a historical mine which closed in the 1970s due to low copper prices.

New World released a pre-feasibility study on Antler in July, outlining a 12.2-year underground mine to produce 341,100t of CuEq, or 30,100tpa, at an average diluted head grade of 3% CuEq and at C1 costs of just US12c per pound after co-product credits.

Capital costs are US$298 million, while the post-tax net present value is US$498 million with an internal rate of return of 30.3%.

At a copper price of US$4.66/lb, the NPV increases to US$668 million and C1 costs drop to negative US29c/lb.

New World is aiming to complete a definitive feasibility study by mid-2025 and have all permits in place by the end of next year ahead of first production in 2027.