Mincor Resources Releases DFS for Integrated Nickel Restart

Mincor Resources (ASX:MCR,OTC Pink:MCRZF) announced the release of a definitive feasibility study (DFS) for its integrated nickel restart plan in Western Australia’s Kambalda District.

Highlights from the study are as follows:

Strong financial returns1

• Pre‐tax NPV7% of $305m and 98% IRR • EBITDA totalling $585m
• Pre-tax and post-tax free cash flow generation of $407m and $315m respectively
• Capital payback of 12 months from first nickel concentrate production

Low cost operations

• Life of Mine (“LOM”) unit cash costs of operations of $3.36/lb (US$2.35/lb), with Cassini averaging $2.71/lb (US$1.90/lb)
• LOM AISC of $4.47/lb (US$3.13/lb), with Cassini averaging $3.81/lb (US$2.67/lb)

Low pre-production and LOM CAPEX

• Pre-production CAPEX of $68m, mainly associated with mine development and related infrastructure
• Project peak cash requirement of $97m including working capital; LOM CAPEX of $179m
• Funding process well advanced with domestic and international institutions, with binding credit-approved terms sheets expected in the June 2020 quarter

Click here to read the full Mincor Resources (ASX:MCR,OTC Pink:MCRZF) press release.