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American Pacific Borate and Lithium Ltd.
Summary
| Project: | Fort Cady | |
|---|---|---|
| Deposit: | Fort Cady | |
| Location: | United States | |
| Commodities: | Boron-Lithium | |
| Date: | 1/31/2019 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-1-2019: American Pacific Borate and Lithium Ltd. announces a Feasibility Study report for its Fort Cady deposit at the Fort Cady project. Enhanced DFS to include a low capex starter project. American Pacific Borate and Lithium (ASX:ABR) (“ABR” or the “ | |
| Resources: | (Reserve, P+P): 41Mt @ 6.6% B2O3 | |
| CP/QP: | [Overall Report]: Louis Fourie (Terra Modelling Services Inc.) | |
| ABSTRACT: | American Pacific Borate and Lithium (ASX:ABR) (“ABR” or the “Company”) is pleased to announce it has enhanced the Fort Cady Borate Project DFS released on 17 December 2018 to include a low capex starter project. American Pacific Borate and Lithium Ltd, CEO, Michael Schlumpberger commented, “We are delighted with the enhancements of the DFS to include a low capex starter project that works on a standalone basis. We now have pre-production capex of only US$36.8m and a pathway to Phase Three that has an annual EBITDA in the first full year of production of over US$340m. We have made the Fort Cady Project easier to finance, whilst limiting likely share dilution and preserving a massive EBITDA target in full production. Our ability to include such a low capex starter project emphasises how unique the Fort Cady project is in the world of mining. ” | |
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