![]() Spot EMM and iron ore commodity prices), the revenue to operating cost ratio remained greater than 1.5, demonstrating the robustness of the project economics. Long project life - the 40-year project life defined by the PEA for processing of theĭeposit at the base case mill feed rate of 3,000 t/d allows for high returns on the initial capital investment and results in substantial life-of-project pre- and post-tax cumulative cash flows ofįor all economic sensitivity cases tested (which included economic assessment of the base case and alternate cases at ![]() Low operating cost - average life-of-project operating costs for the production of EMM from theĭeposit lie at the leading edge of the first quartile of the global EMM industry cost curve, indicating the competitiveness of CMCs product in the global marketplace. Manganese mineralization - manganese within theĭeposit is present as rhodochrosite, which is readily soluble by direct sulphuric acid leaching, precluding the requirement for high-cost manganese reduction steps that are typical of manganese oxide processing. The Technical Report states that 'the positive economics of the Project are attributed to four main factors, which are considered competitive advantages for the production of EMM: Low mining costs - theĭeposit is amendable to low-cost open pit mining methods with low stripping ratios. lb of electrolytic manganese metal ('EMM') produced over the first 20 years and The PEA's base case indicates a long project life of 40 years with operating costs anticipated to be the lowest in the world averaging ), at a 8% discount rate and a pre-tax Internal Rate of Return ('IRR') of 17.97% (Post-tax IRR of 14.40%), based on a 3,000 tonne per day ('tpd') open pit mining, hydrometallurgical and electrowinning operation, with a pre-production capital expenditure ofĪnd average annual payable production of approximately 80,000 tonnes of electrolytic manganese metal. Which indicates a pre-tax Net Present Value ('NPV') of The following are some selected extracts from the Technical Report.Īnnounced the results of the positive Preliminary Economic Assessment (PEA) of its wholly owned ![]() (AIM - 'MIO') is pleased to announce the filing of a Technical Report on its 100% owned Woodstock Manganese Property,Ī complete copy of the Technical Report can be inspected under the Company's profile on SEDAR at
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