Along those lines, focussing on BP33 second mine discussion in the Investor Presentation, they have earmarked A$20M from placement to get started on that mine now (Q4 2022 on p5).
From info on p18 with comments in italics
- Current estimated life of mine of 4 - 5 years (presumably doesn't include anything from 27/9/22 ann)
- Mining rate circa. 1Mt per annum (supports Stage 2 production expansion case)
- Targeting first production in 1H 2024, subject to approvals
- Non-Sustaining Capital circa. $20 million covers environmental bond, boxcut and supporting surface infrastructure
1 Mtpa at say ~1.5% grade, gives roughly 250000tpa SC6 at say $US$2500/t = US$625M pa extra revenue (their graph shows higher SC6 price than this for FY2024).
Not a bad return for paying A$20M now to bring the mine forward, if they can line up with Stage 2 production expansion which was I think around A$40M capex. Gives extra production capacity for further offtakes and/or potential hydroxide feed.
AIMO
Along those lines, focussing on BP33 second mine discussion in...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CXO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $225.0M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.3¢ | 10.5¢ | $1.015M | 9.421M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 101 | 7932924 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 1975375 | 18 |
View Market Depth
| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| CXO (ASX) Chart |