Alba Mineral Resources (GB:ALBA) has released an update.
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Alba Mineral Resources has announced a promising Preliminary Feasibility Study for its subsidiary GreenRoc Mining’s proposed graphite anode production plant in South Greenland, which forecasts a pre-tax NPV8 of US$837M and an IRR of 33.8%. The study, funded in part by Innovate UK, shows strong potential for the 22-year project with an initial capital cost of US$321M and predicts a four-year payback period. The plant would bolster the European EV Battery industry by reducing reliance on imported graphite and aligns with the increasing demand for electric vehicles and battery storage solutions.
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