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BCI Minerals Ltd.
Summary
| Project: | Mardie | |
|---|---|---|
| Deposit: | Mardie | |
| Location: | Australia | |
| Commodities: | Potash | |
| Date: | 7/1/2020 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-7-2020: BCI Minerals Ltd. announces a Feasibility Study report for its Mardie deposit at the Mardie project. DFS results incl. pre-tax NPV (7%) of A$1.197B & IRR of 15.3%. The Project aims to produce salt and SOP from a seawater resource, which is abund | |
| Resources: | x | |
| CP/QP: | [Overall Report] Not stated (Not stated) | |
| ABSTRACT: | The Project aims to produce salt and SOP from a seawater resource, which is abundant, inexhaustible, readily accessible and has a known and consistent chemical composition. The JORC Code does not apply to a project of this nature and accordingly JORC Ore Reserves and Mineral Resources are not reported. The DFS is based on material assumptions as outlined throughout this announcement and the attached DFS Summary, including as to capital and operating cost estimates, production targets, forecast financial information and the availability of funding. BCI has concluded that all material assumptions are based on reasonable grounds and there is a reasonable basis for making the forward-looking statements included in this announcement and the DFS Summary. However, there is no certainty that they will prove correct or the outcomes will be achieved. The capital costs and operating costs reported in this announcement and the DFS Summary were prepared by GR Engineering Services Limited (GRES) based on the level of engineering and design completed during the DFS, and comply with the AACE International Class 3 to an accuracy of ±10-15%. GRES is an experienced engineering consultancy and contracting company with extensive experience in study management and cost estimation. | |
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