pfs

Explains Friday's interest...


Highlights
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*Pre-Feasibility Study (PFS) outcomes generate positive results for large scale magnetite project at Hawsons to ultimately produce 20 million tonnes p.a. of high grade iron ore concentrate (69.9%) to mine gate
*Planned start-up mine of 5-6 Mtpa of iron concentrate using existing transport and port facilities
*Mine life of at least 20 years after an initial ramp up
*Initial Inferred Resource of 1.4 billion tonnes underpins the PFS outcomes with further significant tonnage potential
*Additional pits or deeper single pit to have a 50 year plus total mine life
*Project development capex estimated at A$2.8 bn
*Forecast site cash operating cost at mine gate of A$35.75 per tonne of concentrate
*Positive NPV after tax of A$2.8 bn and IRR of 21.3% forecast
*Well located to existing key project infrastructure.
*The life of project strip ratio of 0.26 : 1
*The ore has a very low bond work index of 6.3 kwh/t
*The positive result from the Pre-Feasibility Study provides confidence to proceed with the Definitive Feasibility Study for the Hawsons Iron Ore Project
(All currency in Australian $ unless otherwise defined.)

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Unfortunately,the BMG situation hasn't changed,but good to see NS finally clarifying the timeline for $25 million payment and BFS


Cheers all