The 2.5 million tonne per annum operation outside Syerston in New South Wales will cost US$1.49 billion, including $165 million contingency.
The DFS returned a post-tax net present value of $1.39 billion and an internal rate of return of 19.1%, based on life of mine revenue of $14.07 billion and estimated annual average EBITDA of $344 million.
The payback period is estimated at 4.3 years.
"This is the right project for this time," Clean TeQ CEO Sam Riggall said on a conference call this morning.
"It is the right project for five years' time. It is the right project for 10 years' time. It is the right project for 20 years' time."
The DFS modelled the first 25 years of operation, though the project has sufficient ore reserves for 40 years.<...