730 0 Kommentare Melior Announces Preliminary Economic Assessment Findings for the Goondicum Project

TORONTO, ONTARIO--(Marketwired - Dec. 5, 2016) -

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Melior Resources Inc. (TSX VENTURE:MLR) ("Melior" or the "Company") announced today that it has received a preliminary economic assessment ("PEA") on its Goondicum project. The PEA was independently prepared by TZ Minerals International Pty Ltd ("TZMI") in accordance with the guidelines of Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

The key assumptions and findings of the PEA are as follows:

Financial Highlights:

An after tax Project NPV of US$52.8 million¹
An after tax Project IRR of 178%
An after tax Project payback period of 1.2 years
Restart capital costs of US$5.96 million²
Average annual before tax cash flow of US$13.9 million³ and average after tax cash flow of US$11.2 million³
Average unit operating cash cost of production of US$111.80 FOB per tonne of product produced³
Sustaining capital over the mine life of US$11.39 million
TZMI forecast long term prices for sulphate ilmenite and apatite of US$189/t FOB and US$119/t Ex works respectively

Operating Metrics:

Average annual ilmenite production of 181,000 tonnes with peak production of 228,000 tonnes⁴
Average annual apatite production of 31,000 tonnes with peak production of 41,000 tonnes⁴
A mine life of 9 years using a high grade mine plan
Total resource processed over the LOM of 22 million tonnes at an average ilmenite and apatite grade of 9.7% and 1.8% respectively⁵


¹	10% real discount rate and exchange rate of US$0.78
²	Excludes working capital and includes construction of the Eastern Access Road
³	Excludes year 1 ramp up
⁴	Average production includes year 1 ramp up and final ramp down of operation; peak production expected in 2020
⁵	All tonnes are in the Indicated and Inferred Resource category

Mark McCauley, Melior CEO, commented that "along with the recently improving titanium feedstock market, this study supports management's belief that Goondicum is a valuable project and has the potential to generate strong cash flows if production resumes. The study will also assist Melior in its market based process to engage a strategic partner to assist in generating maximum value from this asset for the Company's shareholders."