Gippsland improves numbers

DESPITE improving the economics of its Abu Dabbab tantalum project in Egypt, Gippsland shares have failed to recover the ground they lost in September when it originally announced the results of its bankable feasibility study.

Gippsland improves numbers Gippsland improves numbers Gippsland improves numbers Gippsland improves numbers Gippsland improves numbers

The most recent study – based on a 2 million tonnes per annum processing operation – indicates an internal rate of revenue of 17.4%, or 29% assuming a debt to equity ratio of 80:20.

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