Stonegate Announces Positive Feasibility Study For U.S. Project

By Staff,

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Stonegate Agricom Ltd. (ST.TO) announced the results of its Feasibility Study for the development of an underground mine in the Lower Phosphate Zone of its 100% owned Paris Hills Phosphate Project in Idaho, U.S.A.

Feasibility Study Highlights:

- Life of mine production and Mineral Reserves of 16.7 million tonnes of direct-ship, concentrate-quality phosphate rock (no beneficiation required) with an average life-of-mine grade of 29.5% P2O5

- Average annual rate of production of 904,000 tonnes of saleable concentrate

- Mine life of 19 years

- Initial project capital of US$121.0 million (to commercial production)

- Cash operating cost of $69.49 per tonne of saleable concentrate (FOB mine site)

- Assumed average product price of $165 per tonne (FOB mine site)

- Pre-tax Net Present Value ( NPV ) of $477.5 million

- Pre-tax Internal Rate of Return ( IRR ) of 45.9%.

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Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: IRR , NPV

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