Amaero International (ASX: 3DA) – Metal 3D printing technology for the defense and aviation industry – ShareCafe


Scoping Study Determines 4.5-Year Return on Investment for Throssell Lake Transformational Project

• Trigg Mining announced the completion of a scoping study on the economic potential of its flagship Throssell Lake Potash Sulfate project. The results demonstrate a compelling business case for developing a major new, long-lived and sustainable SOP project with strong financial returns.

• Throssell Lake will produce a SOP of 245 ktpa when ramped up, over an initial mine life of 21 years. The estimated cash operating costs of $ 341 / t SOP are low by global standards and would place Throssell Lake in the cheapest quartile of the global SOP industry cost curve, based on a CRU analysis.

• Based on the new information published in the scoping study, we have updated our forecast for the Throssell Lake project. We derive a DCF net equity for TMG of $ 0.37 per share, with upside potential as its projects reduce risk during later stages of development. We note that TMG projects are still at relatively early stages with higher levels of risk and uncertainty associated.

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