Feasibility Study in Hand, Karnalyte Turns Focus to Financing

Mining Weekly reported that Karnalyte Resources (TSX:KRN) published a feasibility study for its Wynyard potash project.

As quoted in the market news:

The study gave the project a 22% after-tax internal rate of return, and a $1.9-billion after-tax net present value at a 10% discount rate for the 2.1-million-ton-a-year operation. Karnalyte CEO Robin Phinney said the reclassification of the firm’s potash resources to reserves and the publishing of the feasibility study were “pivotal”.

Click here to read the full Mining Weekly report.