Short Term Trading Week Starting: 13 Apr, page-157

Entry for STT List QBL
Qld Bauxite explorer/developer
Market Cap $11.5m Cash $6.5m EV= $5m


South Johnstone Bauxite Results of Scoping Study EBIT = $12.3m PER ANNUM
The level of confidence in the South Johnstone Bauxite Project is greatly enhanced
with the initial Indicated Resource which has enabled the Company to refine the Scoping Study to support the economics of the Project.
The initial JORC Indicated Resource underpins a revised independent Scoping Study Stage 1 of the South Johnstone Bauxite which illustrates a technically low risk, low cost, highly profitable bauxite operation with significant free cash flows.

The updated Scoping Study supports profitable bauxite production by initially mining the already identified higher confidence Indicated Mineral Resource at South Johnstone. The Scoping Study indicates that South Johnstone Bauxite Project represents a
robust bauxite deposit with a simple mining and quarrying operation to produce a DSO product with a favorable location with respect to infrastructure and presents a real opportunity to promote sustainable regional development and development of
the project in 2015.
The upgraded Scoping Study results are based solely on new initial JORC Indicated resource Stage 1 Project and does not rely on any lower confidence Inferred Resources.
Based on the updated Scoping Study and an average bauxite production Operating Scenario Stage 1 of 800,000 tonnes per annum would yield annual gross revenue of A$42.4 million and operating annual positive cash flow before tax (From Year 1 Stage 1 Project
only) : of A$12.3 million


Low Cap Ex? Tick only $5m to get going so company is funded to first production already
High Return? Tick NPV $75m = 10.5c a share!
Transport? Tick situated 16kms from deep water port
Port Access? Tick HOA signed for minimum 800k tpa Port Export capacity

Offtake? NO but could be coming imo