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Carpentaria Exploration Ltd.
Summary
| Project: | Hawsons | |
|---|---|---|
| Deposit: | Hawsons | |
| Location: | Australia | |
| Commodities: | Iron-Silica-Aluminium-Phosphorus-Sulphur | |
| Date: | 7/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 28-7-2017: Carpentaria Exploration Ltd. announces a Pre-Feasibility Study report for its Hawsons deposit at the Hawsons project. Initial reserve estimate and PFS results incl. Post tax NPV (10%) of $1,091M, IRR of 17.8%. Emerging iron producer Carpentaria | |
| Resources: | (Reserve, Prob.): 755Mt @ 14.7% DTR for 111Mt DTR contained at project | |
| CP/QP: | [Overall Report]: Quentin Hill (Internal) | |
| ABSTRACT: | Emerging iron producer Carpentaria Exploration (ASX:CAP) announced today a new prefeasibility study for its flagship Hawsons Iron Project joint venture near Broken Hill (ASX:CAP 64%, Pure Metals P/L 36%) which has elevated Hawsons to the front of the development queue for high-quality iron ore projects. The Hawsons project prefeasibility study (PFS) was completed by independent consultants GHD and the results show robust project economics for production of 10 Mtpa of the world-leading Hawsons Supergrade product for steel makers based on assumptions below. Carpentaria’s Managing Director, Quentin Hill, said the results established the project’s position as the world’s leading undeveloped high quality concentrate and pellet feed project. “This is a major step forward for what could become a decades-long operation for Broken Hill. Blue-chip steel makers from Asia and the Middle East have already oversubscribed for our initial planned production, and Hawsons is now extremely well positioned to attract the necessary investment to advance towards mining,” he said. Carpentaria’s Mr Hill said the delivery of a PFS indicating financially robust results and a Maiden Probable Reserve Statement is the biggest step towards the project’s development thus far, laying the foundations to attract funding for a bankable feasibility study. “This successful prefeasibility study delivers an attractive development case for Hawsons under long-term iron ore price forecasts, and importantly a cost structure in the first quartile of the global iron ore cost curve (see page 4)that means cash flow is likely sustainable through the commodity cycle. These results substantially lift the investment grade and the strategic value of the project,” Mr Hill said. | |
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