Highlights  Revised DFS validates a technically superior,...

Highlights

 Revised DFS validates a technically superior, highly profitable, long life lithium and potash project

 Post-tax NPV of US$1.416 billion at 8% discount rate (real)
 Post-tax NPV of US$1.043 billion at 10% discount rate (real)
 IRR of 34.6% with post-tax payback period of 2 years and 10 months
 CAPEX estimate of US$376 million

 Average operating costs of US$3,369/tonne before potash credits and US$2,959/tonne net of potash credits

 Average annual revenues of US$354 million and operating cash flow of US$273 million before tax (net operating cashflow of US$182 million after tax)

 JORC-compliant reserve estimate of 1.1mt of recoverable lithium carbonate equivalent
 Supports 25,000 tpa lithium carbonate and 95,000 tpa potash production


"(Internal rate of return (IRR) is the interest rate at which the net present value of all the cash flows (both positive and negative) from a project or investment equal zero.Internal rate of return is used to evaluate the attractiveness of a project or investment.)"