Jambreiro Bankable Feasibility Study (BFS) demonstrates strong returns from Centaurus’ first planned iron ore project in Brazil, with key highlightsincluding:
o A$140M post-tax NPV8 and 33% IRR at life-of-mine average mine gate domestic iron ore price of A$47/tonne;
o 2Mtpa operation delivering a high grade (+65% Fe), low impurity sinter blend concentrate product into the domestic steel industry in SE Brazil over an initial mine life of 9 years;
o Extremely competitive mine gate cash operating costs (life-of-mine C1 cost plus royalties) of A$16.2/tonne of sinter blend concentrate product;
o Life-of-mine revenue of A$847M and EBITDA of A$556M;
o Annual average operating cash flows of A$62M;
o Pre-production capital estimate (including contingency) of A$136M; and
o Capital payback period of 2.25 years.MORE