Key Financial Outcomes
Key Financial Highlights:
- LoM Revenue USD2 Billion at a Cash Operating Cost2 of USD320 per tonne concentrate
- Capital Expenditure of USD52.5 Million
The below tables show the variation possible in the NPV10 of the project should the long term Spodumene and Petalite prices change, vs. OPEX variation and CAPEX variation. PFS base case is shaded grey with realistic upside shaded in yellow.
Variation in Project NPV10 (USD M) versus concentrate price and OPEX variation
Variation in Project NPV10 (USD M) versus concentrate price and CAPEX variation
The OPEX assumptions for the base case have been conservative and thus there is considerable potential to operate with an OPEX of less than assumed in the base case. The combination of processes (i.e. Dense Medium Separation (DMS), spirals and flotation) will result in a higher overall recovery and thus be able to economically process a lower grade reserve.
1 NPV10 and IRR calculated after state royalty (2 %) and MMCZ commissions (0.875 %) on gross production but before tax on profits