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Verdant Minerals Ltd.
Summary
| Project: | Ammaroo | |
|---|---|---|
| Deposit: | Ammaroo | |
| Location: | Australia | |
| Commodities: | Phosphate | |
| Date: | 5/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 17-5-2018: Verdant Minerals Ltd. announces a Feasibility Study report for its Ammaroo deposit at the Ammaroo project. Feasibility Study results incl. post-tax NPV of A $344M (10%), IRR of 18.1%, 20yr LOM at project. Feasibility Study (FS) finds that Verda | |
| Resources: | (Reserve, P+P): 32.4Mt @ 18.2% P2O5 | |
| CP/QP: | [Overall Report]: Kellie Gill (Mining Plus Consulting Pty Ltd.) | |
| ABSTRACT: | Feasibility Study (FS) finds that Verdant Minerals’ 100% owned Ammaroo Phosphate Project in the Northern Territory is technically feasible and will deliver positive economic benefits, if developed in accordance with the prescribed design criteria The project also presents a compelling opportunity for large scale global participants in the fertiliser industry to build downstream phosphoric acid and fertiliser production capacity in northern Australia, utilising Ammaroo Phosphate Rock Verdant Minerals Ltd (ASX: VRM, Verdant Minerals or the Company) is pleased to advise that the feasibility study has been concluded for its 100% owned Ammaroo Phosphate Project in the Northern Territory and has delivered results outlining the technical feasibility of the project and sound economics generating positive returns to shareholders over the initial 20 year life of the project. Moreover, the project has the potential to operate for many decades beyond the initial 20 year mine plan, noting the scale of the existing Ammaroo resource and the potential of the region to become a major phosphate province with further exploration. The finalisation of the feasibility study represents a key milestone in the evolution of the Ammaroo Project. This study, along with the pending finalisation of the environmental approvals process and finalisation of a Native Title Agreement, which will facilitate the granting of the requisite Minerals | |
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