Peak announces Ngualla optimisation study results
PERTH (miningweekly.com) – ASX-listed rare earths developer Peak Resources has flagged improved economics at its planned Ngualla project, in Tanzania, on the back of a process optimisation study.
The company on Monday told shareholders that the process optimisation study had increased production from the 28 300 t/y of mineral concentrate considered in the bankable feasibility study (BFS), to 32 700 t/y.
While the mine life at Ngualla reduced from 31 years to 26 years, operating margins have improved by 20% from $145-million a year to $174-million a year, while unit operating costs reduced by 5.7% from $34.20/kg to $32.24/kg.
The post tax and royalty net present value and internal rate of return have increased from a respective $445-million and 21%, to $579-million and 24%.
“This is an outstanding outcome by the Peak team that drives Ngualla’s already low unit costs even lower and delivers a large increase in operating margin, reinforcing Ngualla as the leading development project for neodymium and praseodymium (NdPr),” said Peak MD Darren Townsend.
“The more than 100% increase in NdPr prices this year, combined with these significant operating improvements support our main focus now, which is to progress a mining licence application in order to fast-track Ngualla towards production in time for the increased demand for NdPr from electric vehicles.”
Meanwhile, capital costs for the proposed project have increased from the $356-million considered in the BFS to $365-million, while average operating costs increased from $83-million to $91-million.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...
VISIT SHOWROOM
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
