For thousands of other reports visit RSC's Mineral Intellingence Map

Elementos Ltd.

opaxe

Summary

Project:

Oropesa

Deposit:Oropesa
Location:Spain
Commodities:Tin
Date:5/7/2020
Report Code:JORC
Report Type:PEA
Project Stage:Pursuing Feasibility Study
Report details:7-5-2020: Elementos Ltd. announces a PEA report for its Oropesa deposit at the Oropesa project. Economic Study results incl. pre-tax NPV (8%) of US$66M and IRR of 25%. An Economic Study (Study) completed by Elementos (ASX:ELT) has positioned the company’s
Resources:(Resources, Total): 12.54Mt @ 0.54% Sn (67,990t Sn)
CP/QP:[Overall Report]: Chris Creagh (Internal)
ABSTRACT:An Economic Study (Study) completed by Elementos (ASX:ELT) has positioned the company’s wholly owned Oropesa Project in Spain as a globally signifcant new tin development with a prospective annual production of 2,440 tonnes of tin metal over a 14-year mine life. At a tin price of US$19,750/tonne, the mine could potentially generate an annual gross revenue of more than US$48 million against a forecast operating cost of US$28 million per year or cash cost of US$11,534/tonne of metal. The estimated capital development cost is US$52.2m including a 20% contigency1 . Readily executable, the development concept proposes a simple open-cut mining operation and conventional processing facility producing tin concentrates which would be shipped to smelters in Europe and Asia. The Study valuation also found a base case pre-tax NPV8% of approximately US$92m and post tax NPV8% of approximately US$66m. The pre-tax Internal Rate of Return is approximately 25% and the payback period is approximately four years. Elementos Chairman Mr Andy Greig said the next steps would be to complete a Definitive Feasibility Study and finalise environmental permitting. “The Study demonstrates that Oropesa has the potential to deliver attractive financial returns at a relatively low capital cost, it’s an excellent opportunity to create value-uplift potential for shareholders as the project is advanced towards development,” Mr Greig said.

Full Report

opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.

Full Report