DFS, Resource upgrade and ML

With the resource upgrade, mining licence approval and DFS we cant be sitting at these prices for much longer (a measly $20m MC).

The DFS will see a larger resource incorporated into it, leading into a raised NPV.

The current CAPEX, NPV (All AUD) and payback periods.

Immediate large scale start up (concentrate only);

CAPEX; $132m

NPV-10; $666m

Payback; 1.8 years

Staged approach (concentrate only);

CAPEX; $160m

NPV-10; $542m

Payback; Stage 1- 3.1 years/ stage 2- 1.5 years

Immediate large scale start up (concentrate and spherical);

CAPEX; $221.5m

NPV-10; $889m

Payback; 4 years


These numbers are all great, especially  when compared to other battery metals like cobalt and vanadium, which have a CAPEX much higher than RNU. Lets see what the DFS can come out with and hopefully we'll see a nice little bump onto the NPV.

Will graphite hasn't seen the hype which CO and V have experienced, when the realisation that this project is going ahead RNU will see an inrush of investors and traders leading to a substantial rise in the share price.