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Mincor Resources NL
Summary
| Project: | Kambalda | |
|---|---|---|
| Deposit: | Kambalda | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Cobalt | |
| Date: | 3/25/2020 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-3-2020: Mincor Resources NL announces a Feasibility Study report for its Kambalda deposit at the Kambalda project. DFS results incl. post-tax NPV (7%) of A$237M and IRR of 88%. Mincor Resources NL (ASX: MCR, “Mincor” or the “Company”) is pleased to ann | |
| Resources: | (Reserves, P+P): 2.3Mt @ 2.8% Ni | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Mincor Resources NL (ASX: MCR, “Mincor” or the “Company”) is pleased to announce the results of the Definitive Feasibility Study (“DFS”) on its integrated nickel re-start plan in the Kambalda District of Western Australia. The Mincor Nickel Operations (“MNO” or “the Project”) DFS confirms the potential to develop a 5‐year operation producing 63,000 tonnes of recovered nickel-in-concentrate with relatively low capital intensity, as demonstrated by the estimated pre-production capital expenditure (“CAPEX”) of $68 million and pre-tax IRR of 98%, and attractive financial returns. Based on a forecast nickel price of $10.20/lb (US$7.14/lb at an exchange rate of 0.70 AUD:USD), which is largely founded on medium to long term consensus pricing, MNO is expected to generate significant EBITDA and free cashflow at a low forecast all‐in sustaining cost (“AISC”). The flagship Cassini mine (a greenfields discovery by Mincor) is forecast to contribute 56% of the total nickel-in- concentrate production over the initial life of the Project. MNO is expected to consist of Cassini and the Northern Operations (Long and Durkin North) at commencement, with the Miitel mine contributing in the back half of the project life. | |
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