HIGHLIGHTS
- Financially robust and technically low risk project
- Two conceptual development options examined:
- Build a 500Ktpa process plant on site (Base Case)
- Toll mill at a nearby processing facility (Toll Case)
- Low up-front capital requirements of $85.0M for the Base Case and $20.8M for the Toll Case
- Significant opportunities to optimise various aspects of the Project
- Strong upside if existing Mineral Resource can be expanded further
- Under both cases, C1 cash operating costs similar to nickel sulphide operations in the Kambalda district
- Toll Case requires negotiation of an agreement with a third party processing facility
- Development could commence within 18-24 months depending on approvals and financing
SOURCE: ROX RESOURCES
DATE: FEBRUARY 17, 2015