Announcement Date: | 2022-03-29 |
---|---|
Announcement Type: | Optimisation Study |
Announcement Code: | JORC |
Company name: | Elementos Ltd. |
Project name: | Oropesa |
Location: | Spain |
Commodities: | Copper,Tin,Zinc |
Highlight: | Optimisation Study results incl. pre-tax NPV (8%) of A$292M & IRR of 46% |
Resources: | only available to subscribers |
CP/QP: | only available to subscribers |
Announcement summary: | Elementos Limited’s (ASX:ELT) Optimisation Study (JORC defined Scoping Study) for its Oropesa Tin Project in Spain has confirmed a robust case for upgrading the project scale to 1.25Mtpa Run of Mine (ROM) rate, with average annual contained tin production projected at 3,350tpa. Oropesa project economics are robust at a variety of tin price assumptions and discount rates as evidenced by the following table, with the Scoping Study tin price of US$32,500/t and the current cash tin price of US$42,650/t (LME# ) US$54,000/t (SHFE+ ) highlighted for ease of comparison. The Optimisation Study provides a significant increase from Elementos’ previous 2020 Updated Economic Study (750ktpa operation, US$92M NPV8, Pre-tax) 3 . The increase in project scale includes increases to mining, ore sorting, processing and supporting infrastructure and is designed to comply with the Spanish mining and environmental regulations, including back-fill and rehabilitation of the open-pit. |
Read More |