Member Info for Mullins58

Https://www.mining.com/china-bans-export-of-gallium-germanium-and-antimony-to-the-us/

Https://www.morrowbatteries.com/

Https://www.cadenceminerals.com/

Wow !

· 73%[1] increase of post-tax Net Present Value ("NPV10%") to US$1.97 billion and 56% internal rate of return ("IRR").

Chairman Andrew Suckling added: "The Amapa Project is now emerging as a material "green iron" project, backed by product quality and highly competitive economic metrics. We are at this juncture due to the tireless efforts of the Board and Project team, and I'd like to put on record my thanks and gratitude to them and our shareholders and stakeholders. I look forward to Amapa playing its part in "green steel" production and the decarbonisation of the iron and steel industry."

Cadence CEO Kiran Morzaria commented: "This significant update to the Amapá Prefeasibility Study, which includes the DR-grade concentrate flow sheet, reinforces our firm belief that the project can add substantial value to Cadence. The increased net present value of $1.97 billion and improved post-tax internal rate of return reflect significant advancements in the project's robust economics.

The Amapá Project represents a well-developed and largely de-risked opportunity, featuring established mineral reserves, advanced environmental permitting, and complete control of integrated rail and port infrastructure. This ownership and control of the infrastructure contribute to the project's low-cost base and will enable the pursuit of regional expansion opportunities, with substantial resources located within 30 kilometres of the existing rail line. In addition to the DR-grade flow sheet, the project will use 100% renewable energy sources. We anticipate this will help us achieve one of the lowest carbon footprints in the region while still delivering a robust and highly profitable project.

We are excited about the potential of the Amapá Iron Ore Project and look forward to providing further updates on our progress."

Highlights:

· 73%[1] increase of post-tax Net Present Value ("NPV10%") to US$1.97 billion and 56% internal rate of return ("IRR").

· Average annual free cash flow from start-up to closure is estimated to be US$342 million.

· The Project is estimated to generate a total of US$9 billion in gross revenues, US$4.9 billion in net operating profit and US$4.6 billion in free cash flow over its 15-year mine life.

· Revised processing plant design to produce 67.5% Iron ("Fe") DR-grade iron ore concentrate at an average[2] rate of 5.5 million metric tonnes per annum ("Mtpa").

· Free on Board ("FOB") C1 Cash Costs US$33.7 per dry metric ton ("DMT") at the port of Santana. Cost and Freight ("CFR") C1 Cash Costs US$61.9/DMT in China.

· Pre-production capital of US$377 million, and the payback period is reduced to 3 years due to higher free cash flows.

Cadence CEO Kiran Morzaria commented: "This significant update to the Amapá Prefeasibility Study, which includes the DR-grade concentrate flow sheet, reinforces our firm belief that the project can add substantial value to Cadence. The increased net present value of $1.97 billion and improved post-tax internal rate of return reflect significant advancements in the project's robust economics.

Https://www.londonstockexchange.com/news-article/KDNC/updated-pfs-economic-study-delivers-increased-npv/16791904

4.5m pa dollers

Per Day

Move , did you get an O level in maths ?

It will be out shortly. ATB

Alba have options, so no immediate cash is required. Atb

Https://www.mining.com/ranked-top-20-automakers-by-ev-battery-metal-spending/

Why don't you sell up

Added a few more. ATB

Added another 3m atb

That's approximately $2,750,000 over the winter months.

200 - 300 bpd x 30 days = approximately $550,000 nice

Gas Collection , will reduce costs.