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Kasbah Resources Ltd.
Summary
| Project: | Achmmach | |
|---|---|---|
| Deposit: | Achmmach | |
| Location: | Morocco | |
| Commodities: | Tin | |
| Date: | 8/10/2016 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 10-8-2016: Kasbah Resources Ltd. announces a Feasibility Study report for its Achmmach deposit at the Achmmach project. Amended DFS results incl. post-tax NPV (8%) of US$50.9M, IRR of 20.6%. Kasbah Resources Limited (Kasbah, ASX: KAS) is pleased to announ | |
| Resources: | (Reserve, P+P): 6.557Mt @ 0.85% Sn for 55500t Sn contained at Achmmach | |
| CP/QP: | [Overall Report]: Matthew Keenan (Entech Pty Ltd.) | |
| ABSTRACT: | Kasbah Resources Limited (Kasbah, ASX: KAS) is pleased to announce the completion of the Definitive Feasibility Study (DFS) and new Ore Reserve for the Small Start Option (SSO) at the Achmmach Tin Project (75% Kasbah, 20% Toyota Tsusho Corp and 5% Nittetsu Mining Co. Ltd). On 18 March 2015 Kasbah released an enhanced definitive feasibility study into a 1 Mtpa underground mine and processing facility for the Achmmach Tin Project to the market. This large scale, capital intensive project required construction capital of approximately USD 131 M to establish the 1 Mtpa project and in a weak financing, commodity and equity market, the capital requirement was a significant impost to project development. To address these issues and the continued fall in the LME tin price during 2015, Kasbah commenced investigation into a lower cost development model. The 2016 Achmmach SSO DFS has defined a lower capital, higher grade, staged development opportunity that is technically and economically feasible at current LME tin prices (Table 1). Importantly the Project Construction capital (on a 100% basis) is estimated to be USD 61.7 M with all in sustaining costs (AISC) of USD 11,507 / t of tin in concentrate. The Achmmach SSO DFS is premised upon a hard rock underground tin mine with a ten year life that is developed in two stages. Stage 1 production initially commences at 0.5 Mtpa for 42 months then is expanded in Stage 2 to 0.75 Mtpa for 80 months (the remainder of the mine life). This staged approach utilises contract mining, contract crushing and modular plant design and unlike the 1 Mtpa scale where the full capacity was installed upfront, the SSO offers greater operational flexibility. | |
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