The Board of Thor Mining Plc (“Thor”) (AIM, ASX:THR) is pleased to advise that a just completed upgraded Feasibility Study for the Company’s wholly-owned Molyhil tungsten project in Australia's Northern Territory ("Molyhil") has confirmed that the project will deliver attractive financial returns as well as an early payback of the capital required for its development.
Study Highlights
- Project payback period of 18 months after payment of royalties and taxation
- All equity Net Present Value (NPV) of A$67 million with an Internal Rate of Return (IRR) of 44%, after taxation & royalty payments.
- EBITDA of A$201 million
- Cash production cost of US$112/mtu concentrate compared with revenue of US$358/mtu
- Capital expenditure (CAPEX) of A$70 million (US$56 million)
- Six year mine life
- Simple open cut mining operation followed by standard mineral processing techniques
- Operation substantially permitted
For further information please download PDF attached:
