A little clue29 Aug 2024 09:12
George Roach, CEO, commented, "On the one hand Premier is pleased that we are at the back end of the optimisation process, but frustrated that real optimisation of the float circuit could only properly start after Q1 2024 after commissioning of the new mill and subsequent installation of the scrubber.
The progress made this year on the most complex part of this plant is actually very good and we should not lose sight of the fact that this initial plant at Zulu is likely only the beginning of a long and exciting development for this project.
Premier would like to take this opportunity to remind shareholders that Premier's internal estimate (including Zulu) of the all- in-projected cost, which has not been independently verified, on a delivered China port basis, inclusive of all administrative and overhead costs is less than US$750 ton SC6 when plant output reaches 4,000 tons per month.
This cost per ton excludes any recovery of tantalum, excludes a potential double expansion of the float section of the plant based on the over-capacity in the comminution circuit, excludes any potential from high purity quartz and excludes the potential in the additional claims established in the EPO region."