Allegiance firms Avebury numbers

BUDDING nickel miner Allegiance Mining has slapped a $A77 million price tag on the development a 10,000 tonne per annum nickel producing operation at Avebury in Tasmania.

Allegiance firms Avebury numbers Allegiance firms Avebury numbers Allegiance firms Avebury numbers Allegiance firms Avebury numbers Allegiance firms Avebury numbers

On initial reserves, the project has a net present value of $A26 million and in internal rate of return of 17%, but the company’s business plan envisages a NPV of $A94 million with an IRR of 29%.

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