PFS was 500 kt processed pa for 233 kt of product pa.
AISC was $354 per tonne.
Resource increase of 33% gives capacity to increase mine life for this deposit from 26 years to just over 34 years.
Under DFS cost savings will come from processing on site in years 1 and 2 ( this means they aren’t shipping 500 kt of DSO overseas for toll refining to produce 233kt pa product overseas ).
Then 3 other areas of upside covered in the announcement:
They have done the testwork for #3. They are still doing the customer testwork/trials and marketing for #1 and #2.
- PFS for rheology modifier for concrete applications
- PFS for paints & coatings applications
- Premium HPA feedstock
They are doing aircore drilling to further define the portion of the resource for #2 and #3.
I think it will take 6-9 months to complete studies for #1 and #2.
I think 4-6 months for drilling, for assays and upgrade of resource for #3.
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