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Metals X Ltd.
Summary
| Project: | Rentails | |
|---|---|---|
| Deposit: | Rentails | |
| Location: | Australia | |
| Commodities: | Tin-Copper | |
| Date: | 7/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Active Mining & Production | |
| Report details: | 4-7-2017: Metals X Ltd. announces a Feasibility Study report for its Rentails deposit at the Rentails project. Updated Feasibility Study results incl. Pre-tax NPV (8%) of $260M, IRR of 37%, LOM of 11 years. Metals X is pleased to announce the results of t | |
| Resources: | (Reserve, Prob.): 21.627Mt @ 0.45% Sn, 0.23% Cu for 96.5Koz Sn, 48.7Koz Cu contained at project | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Metals X is pleased to announce the results of the updated Definitive Feasibility Study (DFS Update) for its Renison Tailings Retreatment Project (Rentails or the Project). Rentails provides the opportunity to expand production at the Renison Tin Operations (Renison), by approximately 5,400 tonnes of tin (Sn) and 2,200 tonnes of copper (Cu) per year, through the re-processing and recovery of tin and copper from the existing historical tailings at Renison. Renison produces approximately 7,000 tonnes of Sn in tin concentrate per year. The operation currently is being expanded through the introduction of ore sorting which is expected to increase production to between 8,000 and 8,500 tonnes of Sn per year. When combined with Rentails the total operation will produce approximately 13,400 - 13,900 tonnes of Sn per year which is approximately 3.75% of the global primary tin supply. The All-In Sustaining Costs (AISC) for the combined operation is anticipated to be less than A$17,000 per tonne which compares favourably to the prevailing tin price of approximately A$26,000 per tonne. The opportunity for Rentails is based on the retreatment of approximately 21.6 million tonnes of historical tailings at an average grade of 0.45% Sn and 0.23% Cu. In 2008 WorleyParsons completed a metallurgical review including test work and pilot trials. The results of the WorleyParsons work were incorporated into a 2009 DFS published by GR Engineering Services. The DFS Update builds on the original DFS, incorporating updated capital and operating cost estimates and potential additional streams of feed from the Renison concentrator. | |
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