Updated Definitive Feasibility Study 2019

A summary of the key current economics and operational study outcomes is provided below:

Estimated Mine Life

15.5 years – Open Pit

LOM Project Revenue (Real & excluding tantalum credits)

USD 3.42 billion

Capital Cost (Carried to Positive Cashflow)

USD 162 million

Sustaining Capital

USD 35 million

Pre-Tax NPV10

USD 710 million

Internal Rate of Return (IRR, Pre-tax)

71%

LOM Cash Operating Costs FOB

USD 344t of concentrate

Project Payback (From First Production)

18 months

Average Annual EBITDA(Real)

USD 114 million

Download the full DFS Announcement here