RE: SP27 Apr 2021 07:30
Tshukudu
• Final Investment Decision (FID) for US$259 million development of the T3 Motheo Copper-Silver Project following the completion of a positive Definitive Feasibility Study (DFS) on a base case 3.2Mtpa operation with clear visibility to expand rapidly to 5.2Mtpa.
• Strong project economics at 3.2Mtpa with key highlights including US$2.45 billion life-of-mine revenue, US$987 million EBITDA (using a forecast long-term copper price of US$3.16/lb), pre-tax NPV7% of US$316 million and all-in sustaining costs of US$1.76/lb for the first 10 years of operations.
• Maiden 100,000t Cu Inferred Mineral Resource estimate for the A4 deposit, 8km west of T3, with strong growth potential highlighted by new high-grade intercepts up to 16% Cu.