Black Iron Releases Bankable Feasibility Study Results for Shymanivske

Black Iron Inc. (TSX:BKI,FWB:BIN) announced the bankable feasibility study results at its Shymanivske iron ore project in the Ukraine.

As quoted in the press release:

The BFS outlines an operation producing 9.2 million tonnes per year of high-grade 68% iron ore concentrate, projecting a 45.9% internal rate of return (“IRR”) and a U.S. $3.5 billion net present value (“NPV”) at an 8% discount rate.

Black Iron’s President and CEO, Matt Simpson said:

The operation outlined by this BFS for theShymanivske Project clearly illustrates the potential for a high-value, low net cost iron ore development project. The projected high NPV, net cash flows, and relatively low unit cost for concentrate arise from Black Iron’s advantages, which include an iron ore deposit with significant existing infrastructure in addition to access to low-cost skilled labour. We continue to deliver on our objective timetable and our results to date, coupled with this engineering study, make a compelling case for expediting the development of the Shymanivske Project.

Click here to read the Black Iron Inc. (TSX:BKI) press release.

Get the Latest Iron Investing Stock Information

Get the latest information about companies associated with Iron Investing delivered directly to your inbox.

Agriculture
+ see more
Copper
+ see more
Gold Bullion
Gold Production/Mining
+ see more
Gold Project Generators
Gold Prospecting and Exploration
+ see more
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA
Graphite Production/Mining
Graphite Prospecting and Exploration
Graphite Resource Definition/Pre Feasibility
Graphite Resource Expansion/Feasibility Study/PEA
Molybdenum
Silver $0-15m
Silver $15-50m
Other Companies
+ see more

Select All Select None

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Comments

Leave a Reply