tiwi islands mineral sands project-feasibility res

http://stocknessmonster.com/news-item?S=MAL&E=ASX&N=283876

KEY POINTS
• The Tiwi Islands minerals sands project will produce premium grade mineral sands products with a high percentage of zircon
• Production will be sold as a mixed concentrate to Astron Ltd thereby reducing marketing and capital costs substantially
• Based on current Reserves and product prices the project will initially generate free cash flow before tax of at least $21m over a minimum of three years
• The project is viable in respect to mineral inventory, production volumes, mineral recovery, product quality, marketability of products plus operating and capital costs
• Flora, fauna, Aboriginal and European heritage and hydrogeological surveys have been recently completed with positive outcomes
• The project yields a remarkable return on exploration activity and expenditure
• Subject to the necessary approvals, production is planned to commence in mid 2005.