Wapiti rock phosphate project, Canada
Name and Location
Wapiti rock phosphate project, British Columbia, Canada.
Client
Fertoz.
Project Description
Wapiti has an inferred and indicated mineral resource of 1.54-million tonnes grading 21.6% phosphorous pentoxide at a 7% cutoff, which has been calculated to a depth of 30 m along a strike length of 12.5 km.
The scoping study completed on the project is based on a staged openpit development and the recently upgraded Wapiti resource.
The study includes three stages in the proposed design, with an initial 7 m open-pit for the first seven years of the project at an average strip ratio of 1.6:1.
The study conservatively assumes a 75 000 t/y production rate will be reached in 2018, though it is likely this could be brought forward to 2017.
Net Present Value/Internal Rate of Return
The project has a post-tax, unlevered net present value, at a 10% real discount rate, of C$20.1-million, and a post-tax, unlevered internal rate of return of 82.4%.
Value
Total capital required is estimated at C$2.7-million.
Duration
First production is targeted for 2016 and ramp-up to 75 000 t/y capacity by 2018.
Latest Developments
Fertoz is progressing the final permit approvals for the project and is conducting commercial discussions with potential offtake partners.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Fertoz, tel +61 7 3396 0024, fax +61 7 3396 0024 or email office@fertoz.com.
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