Flinders Mines Limited (AU:RHK) has released an update.
Red Hawk Mining Limited has announced positive outcomes from its Preliminary Feasibility Study for the Blacksmith Iron Ore Project, revealing a robust 23-year mine life and promising financial returns, including a pre-tax NPV of $523M and an IRR of 31%. The study confirms that the project can produce 5Mtpa of direct shipping ore, with an estimated capital payback period of 3.3 years from the start of production. The Blacksmith Project, which encompasses four deposits and boasts a maiden Ore Reserve of 46Mt at 60.5% Fe, is on track for first ore shipment in late 2025.
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