hilights and improvements on dfs

  1. 13,252 Posts.
    Said there where improvements to previous BFS and here they exactly are

    SIGNIFICANT IMPROVEMENT IN PROJECTED TUNGSTEN RECOVERY
    AT MOLYHIL (NT) PROJECT
    A substantial 12% improvement in projected metallurgical recovery of tungsten for the Molyhil tungsten and molybdenum project (“Molyhil”) in the Northern Territory, has been announced by Directors of Thor Mining PLC (“Thor” or the “Company”) (AIM, ASX: THR, THRO).
    Highlights
    • Tungsten recovery now estimated at 75% compared with previous estimate of 67%
    • Improvement derived from adding a flotation step to the tungsten recovery process after gravity separation
    • Projected revenues at Molyhil improved by a further A$7.0 million p.a. over the life of the mine.
    • Cost per metric tonne unit (“mtu”) of tungsten produced reduced to US$109 after molybdenum bi-product credit
    • Economics of the Molyhil project significantly enhanced.


    Highlights
    . Overall tonnage increased by 25% to 4.7 million tonnes to 220m depth;
    . Contained tungsten increased by 10% to >13,100 tonnes WO3 ;
    . Contained molybdenum increased by 46% to >10,400 tonnes MoS.; and
    . Very high, near surface tungsten grades provide confidence in early payback of project capital.
    Next steps at Molyhil
    . Capital and operating cost changes, to reflect recently announced process
    now previous
    Total resource (tonnes) 4,710,00 3,750,000 25% increase

    Contained WO. (tonnes)1 13,100 12,000 10% increase
    Contained MoS2 (tonnes)2 10,400 7,125 46% increase
    Cut-off grade (%Mo + %WO3) 0.1%
    NIL
    Vertical Limit of resource
    220 metres
    265 metres
    Resource open at depth=

 
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