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921 Posts.

30/08/16

09:04

Post #: 18780921
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Originally posted by Ben2010 ↑

CLQ

Completion of Syerston Scandium Project Feasibility Study
Clean TeQ Holdings Limited (ASX: CLQ) announces the results of the Syerston Scandium Project (Project) Feasibility Study (Study). All figures are quoted exclusive of GST.
Highlights:
 Based on a long term scandium oxide (99.9% purity) price of US$1,500/kg (A$2,000/kg), the Project delivers a Post-tax NPV of A$273M and 33% post-tax IRR
 Average production of 49.2 tonnes per annum scandium oxide (Sc2O3) after 18-month ramp-up
 Initial 20-year mine life, with additional resources available for decades of additional production
 Capital cost of A$100 million (US$75 million1) including $4.5M (4.7%) contingency
 Average 2-20y cash operating cost (C1) of A$593/kg Sc2O3 (US$444/kg Sc2O31)
 Scandium oxide offtake discussions ongoing with the global transport and energy sectors
 Pre-Feasibility Study underway to assess potential for a large scale development at Syerston to produce nickel and cobalt sulphate products with scandium oxide by-product

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CLQ - great stock, still in. What is your target?
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