Tasman Announces Technical Report on PFS for Norra Karr Heavy Rare Earth Element Project

Tasman Metals Ltd. (TSXV:TSM) announced the filing of  the technical Report providing results of the recently completed positive Pre-Feasibility Study for the Norra Karr heavy rare earth element (REE) deposit in Sweden.

As quoted in the press release,

After-tax Net Present Value (NPV) of US$313 million using a 10% discount rate

Internal Rate of Return (IRR) of 24% pre tax and 20% after tax using a 10% discount rate

Initial capital cost of US$378 million including contingency – low for long mine life heavy REE producer

Major exposure to the most critical REE’s, with 74% of revenue from magnet metals Dy, Nd, Pr, Tb, Sm

Click here for the full Tasman Metals Ltd. (TSXV:TSM) press release