King River's HPA project proves economical
PERTH (miningweekly.com) – A prefeasibility study (PFS) for a high purity alumina (HPA) project in the Kwinana industrial area, in Western Australia, has demonstrated that ASX-listed King River Resources could be a significant producer of high value purity alumina.
The HPA product would use King River’s ARC process to produce the HPA from an industrial chemical feedstock.
The PFS estimated that the project would require a capital investment of A$203.4-million to support a production rate of 9 000 t/y of HPA of 4N purity. Over the 25-year project life, the HPA project would have an annual earnings before interest, tax, depreciation and amortization of A$193-million, an annual pre-tax free cash flow of A$190-million and projected revenues of A$7.02-billion over its project life.
The HPA project’s net present value before tax has been estimated at A$1.04-billion, with a pre-tax internal rate of return of 50.8%.
“The completion of the Kwinana HPA PFS is an important milestone for King River, and confirms the project is getting well positioned to become a global HPA participant,” said King River chairperson Anthony Barton.
“This PFS has effectively endorsed the company’s strategy to initially focus on entering the global HPA market, then consider developments at a later date of higher high value/high purity commodities sourced from the Speewah vanadium/titanium and fluorspar deposits.
“These very positive study outcomes support the Kwinana project’s transition immediately towards a more detailed definitive feasibility study.”
Comments
The
functionality
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