RE: I dont get the investment case here1 Oct 2025 15:42
Here's an AI summary of the SLR report...
Resource Assessment
* SLR's assessment and modelling estimate an Inferred Resource totaling 160.68 million tonnes (Mt).
* This resource is composed of:
* Sand: 33.27 Mt.
* Pozzolanic Sandstone: 127.41 Mt.
* The Pozzolanic Sandstone is undefined and not tested at depth below 30 metres from the surface. Regional state geology indicates a sandstone thickness of up to 80 metres.
* The material estimates are based on the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2012 Edition).
* Future Volumes: In addition to the Inferred Resource, the report identifies an additional 226.10 Mt of Pozzolanic Sandstone categorized as "Deep Sandstone" or "Future Volumes," which require further geological definition to be classified as a resource. SLR noted that the internal resource estimates provided to them do not meet the necessary criteria to be classified as a Mineral Resource or Ore Reserve under JORC Code (2012), and thus are referred to as 'future volumes'.
Financial Evaluation
* A financial model was developed to assess the quarry's viability using the discounted cash flow (DCF) method over a 25-year period.
* The model assumes the material is proven and provides a significantly positive Net Present Value (NPV) of $3,304,007,612 (or $3,304 M).
* Key Financial Model Outputs (FY2026 and FY2050):
* Initial CapEx Investment: $32,155,000 (FY2026 to FY2028).
* FY2026 Volume: 400,000 tonnes.
* FY2050 Maximum Volume: 3,160,844 tonnes.
* FY2026 Revenue: $80,140,000.
* Maximum Revenue (FY2050): $1,411,567,883.
* Discount Rate: 15% was applied for risk in the DCF analysis.
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