Great Western Minerals Announce Positive PEA Results

Great Western Minerals Group Ltd. ( TSXV:GWG) has released positive results from a Preliminary Economic Assessment of the Company’s Steenkampskraal rare earth element project that indicates strong potential for GWMG’s integrated business model.

As quoted in press release:

Project highlights (all amounts in this news release are in $ Cdn. unless otherwise indicated):

• $555 Million after-tax net present value (“NPV”) applying a 10% discount rate and a 28% South African corporate tax rate
• 66% after-tax internal rate of return (“IRR”)
• 4.3 year estimated Project payback period, on an after-tax basis, from start of underground mining production.
• 11 year potential life of mine

Click here to read full Newswire press release.