Boonanarring economics improve on higher prices
PERTH (miningweekly.com) – Higher zircon prices have enhanced the economics of the proposed Boonanarring and Altas mineral sands deposits, in Western Australia, owner Image Resources said on Thursday.
The company reported that the higher mineral resources prices had pushed up the project’s pre-tax net present value from the A$197-million estimated in November last year, to A$235-million.
The pre-tax internal rate of return also increased from 104% to 125%, while the pay-back period declined from 16 months to 13 months.
ASX-listed Image noted that the capital cost estimate of A$52-million to develop the project had remained unchanged. Binding offtake agreements for the full production from the project, as well as the potential to extend the Boonanarring mine life, also remained in place.
The Boonanarring deposit is expected to deliver 1.1-million tonnes of heavy mineral concentrate and the Atlas deposit an additional 711 000 t. The Boonanarring deposit is estimated to have an initial mine life of five years, after which mining would move to the Atlas deposit, which would add a further three years to the overall mine life.
The project is fully funded, and construction started in March this year. The project is slated for commissioning and first production in the fourth quarter of this year.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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