Tabba Tabba Feasibility Study
Released:
18-Feb-2014
Feasibility Study completed on the Tabba Tabba Project show robust economics. Project revenue is projected to be in the order of $30m over the ~18 month life of mine with and EBITDA of $16m.
FEASIBILITY STUDY RESULTS: ROBUST AND VIABLE WITH LOW CAPITAL AND MINING COSTS
KEY FINANCIAL HIGHLIGHTS OF FEASIBILITY STUDY:
- Project Revenue $30.2M
- EBITDA $16M with Project NPV of $14.4M at an IRR of 162%.
- Capital Cost of $3.9M ($1.5M already spent, plant capital items already 90% completed).
- Life-of-mine (LOM) off-take agreement in place with world-leading tantalum producer,Global Advanced Metals Wodgina Pty Ltd (GAMW).
- First full year production (2014-15) operating costs forecast at $34.74/lb.
Tabba Tabba Feasibility Study Released: 18-Feb-2014 Feasibility...
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