| The TEX Report Topics < Iron Ore > | |
| HOME >> Topics List >> July, 2010 >> 06 (Tue) |
| Highlights Of West Pilbara Iron Ore Project DFS Results |
| = Capex $5.77 billion, NPV10 $2.2 billion, IRR 16.4% = |
|
Australian carbon steel materials producer and developer, Aquila Resources Limited revealed July 5 the results of the Definitive Feasibility Study ("DFS") recently completed of Stage 1 of the West Pilbara Iron Ore Project ("the Project"), in which the Company holds a 50% interest, with the following highlights: - DFS reports technical and financial viability of a 30Mtpa 1st Stage iron ore project in the West Pilbara - The DFS estimates an NPV10 of $2.2 billion and an IRR of 16.4% - Capital expenditure is estimated at $5.77 billion, including contingency costs - Operating costs of $19.48 per tonne FOB, excluding royalties, at 30Mtpa - Average annual Project EBITDA of $1.8 billion at 30Mtpa using iron ore prices and exchange rates as forecast by Metalytics Iron Ore Briefing Service - DFS recommends construction of a 30Mtpa mine, 282km of new rail and a new deep water port facility at Anketell Point, which has collectively been granted Major Project Facilitation status by the Federal Government whilst the port development was recently approved as a multi-user facility by the State Government - Development decision by the Project Participants is scheduled for the September Quarter 2010 - Subject to statutory approvals and funding, construction could commence in the March Quarter 2012 with first shipments early in Calendar 2014 The remaining 50% of the Project is held by AMCI. |
| last modified : Fri 09 Jul, 2010 [10:15] |
