announcement, page-10

Project Economics


NPV at 12.5% discount rate* US$4.3B
IRR* 27.4%
Capital payback period 3 years
Project life 25 years
Production rate 35 Mdtpa
Total revenue generated (nominal) US$99B
Long term Fe price (real, applied 2020 and beyond) US105c/dmtu
*Nominal, post tax, ungeared


Further work will now be undertaken in a value engineering stage which Sundance expects will
identify opportunities to reduce the estimated capital cost, increase reserves and optimise the
schedule.