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News: GEN Genmin Ltd Announces Positive PFS Outcome For Scalable 5MTPA Mining Operation At Baniaka

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    16/11/22
    12:30
    Post #: 64805605

    Nov 16 (Reuters) - Genmin Ltd (GEN) :

    • POSITIVE PFS OUTCOME FOR SCALABLE 5MTPA MINING OPERATION AT BANIAKA
    • GLOBAL MINERAL RESOURCE ESTIMATE FOR BANIAKA IRON ORE PROJECT INCREASED TO 760 MILLION TONNES
    • INITIAL CAPITAL INVESTMENT OF ABOUT US$200 MILLION FOR 5MTPA NAME PLATE CAPACITY AND ASSOCIATED INFRASTRUCTURE AT BANIAKA
    • C1 OPERATING COSTS ARE ESTIMATED AT APPROXIMATELY US$59/DMT OF PRODUCT SHIPPED AT 5MTPA AT BANIAKA
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