This is a good start for the day.....Well done team. Updated...

This is a good start for the day.....Well done team.
Updated Bankable Feasibility Study (BFS) completed for a proposed new 2.4Mtpa copper and zinc mining operation at the brownfields Prieska Project, located in the Northern Cape Province of South Africa. The updated BFS delivers numerous improvements on the previous study completed in June 2019, including: o 43% increase in undiscounted free cash flows to AUD1.6 billion, pre-tax (AUD1.2 billion post-tax); o 36% increase in NPV (at an 8% discount rate) to AUD779 million, pre-tax (AUD552 million post-tax); o 5-month reduction in the capital payback period to 2.4 years; o 6% decrease in all-in-sustaining costs to USD3,531/t (USD1.60/lb) of copper equivalent metal sold; o 3% increase in all-in-sustaining margin to 47%; o 5% increase in pre-tax IRR to 39%; o 9% increase in peak funding requirements to AUD413 million to cater for the operational improvements; and o peak annual production of 23kt of copper and 88kt of zinc in concentrates. The life of mine is extended by 2 years to a duration of 12 years.