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BCI Minerals Ltd.
Summary
| Project: | Mardie | |
|---|---|---|
| Deposit: | Mardie | |
| Location: | Australia | |
| Commodities: | Potash | |
| Date: | 5/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-5-2019: BCI Minerals Ltd. announces a Pre-Feasibility Study report for its Mardie deposit at the Mardie project. optimized PFS results incl. pre-tax NPV of A $560M (10%), IRR of 20%, 60yr LOM at project. BCI Minerals Limited (ASX:BCI) ("BCI" or the "Co | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Not stated (Not stated) | |
| ABSTRACT: | BCI Minerals Limited (ASX:BCI) ("BCI" or the "Company") is pleased to report the outcomes of a recently completed PFS Optimisation Study for the Mardie Salt & Potash Project. This announcement should be read together with the cautionary statement on page 8 and BCI’s PFS announcement dated 1 June 2018. The PFS report supported the technical and financial viability of the Mardie Project. Following completion of the PFS, BCI has initiated a DFS and is currently progressing project designs, tenure, environmental approvals and early construction works for the Project. As part of initial DFS planning activities, BCI investigated a number of optimisation opportunities, most notably an increase of salt and SOP production along with the development of an export facility at the Mardie site. The PFS Optimisation Study has incorporated these initiatives into the development case, proving that they will add significant value to, and further de-risk, the Mardie Project. Commenting on the PFS Optimisation Study, BCI’s Managing Director, Alwyn Vorster, said: “The recent approval by the Minister for Ports for an export facility at the Mardie Project site and PFS flowsheet optimisation work resulting in higher production targets, support important amendments to our DFS scope. The PFS Optimisation Study has shown these amendments will deliver lower operating costs and improve the overall project economics. | |
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