Denarius Metals Corp (TSE:DMET) has released an update.
Denarius Metals Corp. has revealed positive results from a Pre-Feasibility Study supporting the revival of the Aguablanca Nickel-Copper Project in Spain, with operations set to recommence by early 2025. The study forecasts a total net revenue of $480.3 million and an after-tax cash flow of $105.7 million over the mine’s 6-year life, highlighting an impressive after-tax IRR of 213%. The restart includes initiating the existing processing plant and positions the company for long-term mining operations, with additional potential from their nearby Lomero Project.
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