Company Insight – MD on Momentum With Developing Projects

May 13, 2013

Highlights of Interview:

  • Very strong economics for Dubbo Zirconia Project – NPV of $1,235 million.
  • Project moving ahead with no reason why it won’t be developed; financing by mid 2014.
  • Explains why the DZP is a strategic & alternate source of zirconium and heavy rare earths with very long term supply.
  • Reviews the strategic partnerships established for the DZP.
  • Current funding of $65m cash and $70m in liquid investments with no debt & Tomingley Gold Project in construction for forecast $20-25m per annum free cash flow for up to 10 years.Is still considering selling a minority stake in the DZP at multiples of the NPV.