News: AEV Avenira Receives Mining Authorisation For Direct Shipping Ore Operations, page-16

KEY FEASIBILITY STUDY OUTCOMES
The DSO Feasibility Study demonstrates strong project economics. Key outputs include:
Table 1: Wonarah DSO Project Base Case Results
Metric Unit Base Case
BPH Lumps Product Sales Kt 180
BPH Fines Product Sales Kt 271
BPH Product Price7 A$/tonne 308
APH DAPR Product Sales Kt 225
APH Product Price A$/tonne 100
Project Operations Months 23
Capital Investment A$M 11.5
Total Free Cash Flows A$M 27.3
Average Product Price8 A$/tonne 238.6
All-in Sustaining Cost A$/tonne 181.3
Total Cash Revenues A$M 161.3
Total Cash Operating Costs A$M 122.5
Payback Period9 Months 14
Commenting on the results of the Feasibility Study, Executive Chairman, Brett Clark stated: