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14 April 2011
Albidon Limited: UPDATED LIFE OF MINE STUDY FOR ENTERPRISE DEPOSIT, MUNALI
- The Company�s assessment of the revised Life of Mine study ("LOM") demonstrates a robust business case for the Enterprise Deposit at Munali, Zambia ("Project") with the potential for strong future cash flows.
- Projected Net Present Value ("NPV") assessed in the range of US$203m � US$274m.
- Projected Cash Surplus from the life of Project estimated to be in the range of US$291m � US$412m.
- LOM updated to reflect current operating costs with scope to manage these efficiently in future years.
- LOM does not include the potential for resource upgrades from proposed exploration activities at the site.
- Conservative remaining LOM Grade assumption to be 0.98%Ni.
- Recovery is projected to increase to an average 68% for the remainder of 2011 and to average 72% for the remaining LOM.
To view the full announcement, please click here | |
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For more information about Albidon and it's projects please visit our website at www.albidon.com or email info@albidon.com
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12 Walker Avenue West Perth, Australia 6005 / Ph: +61 8 9211 4600 / Fax: +61 8 9211 4699 |
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Albidon Limited
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PRODUCER |
CODE : ALB.AX |
ISIN : AU000000ALB8 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Albidon is a nickel and palladium producing company based in Australia. Albidon produces nickel, palladium, copper and platinum in Zambia, develops uranium in Zambia. Its main asset in production is MUNALI in Zambia, its main asset in development is GWABE (CHIRUNDU) in Zambia and its main exploration properties are LUWUMBU and SONGEA in Tanzania, SELEBI-PHIKWE in Botswana, HAFFOUZ and NEFZA in Tunisia and LUANO VALLEY, CHISEBUKA, KARIBA VALLEY JV, CHIRUNDU JV and NJAME in Zambia. Albidon is listed in Australia and in United Kingdom. Its market capitalisation is AU$ 20.2 millions as of today (US$ 13.2 millions, € 12.3 millions). Its stock quote reached its highest recent level on May 30, 2008 at AU$ 5.10, and its lowest recent point on March 13, 2009 at AU$ 0.03. Albidon has 349 071 837 shares outstanding. |