|Key Physicals||Interim Financial Model
(infrastructure, mine site, concentrator, process plant)
|NPV (at 8% discounted)||A$2.8 billion|
|Pay back||2.8 years|
|Pre-tax net annual average cash-flow||A$359 million|
|Life-of-mine net cash-flow||A$12.2 billion|
|Ore feed||2 Mtpa|
|Scheduled mined processed material LoM||69 Mt|
|Magnetic concentrate LoM||23.3 Mt|
|Fe2O3 LoM||17.6 Mt|
|V2O5 LoM||0.231 Mt|
|Titanium Pigment LoM||3.5 Mt|
|OPEX per tonne of ore processed**||A$210|
The Interim Financial Model is an updated version of the Feasibility Study financial model (see ASX announcement dated 20 November 2017) following optimisation of the mining schedule to a single-stage, 2 million tonnes per annum mining operation.
Further details on the Interim Financial Model can be found on the ASX Announcement of 11 September 2019.
*Updated assumptions include long-term A$; US$ exchange rate of 0.70; updated long-term price assumptions of US$25,400/tonne for V2O5 (US$11.50/lb), US$3,600.00/t TiO2 pigment and US$102.00/tonne for high grade Fe2O3.
**Includes lease repayments
Note: ALL prices and outcomes are indicative only while the FEED process is progressing and is an interim study, not final.