| Royalty Update: Salamanca Project DFS | |
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Anglo Pacific Group PLC ('Anglo Pacific' or the 'Company') (LSE: APF, TSX: APY) notes the publication by Berkeley Energia Limited ('Berkeley') of an independent Definitive Feasibility Study ('DFS') on its Salamanca Project (the 'Project').
The DFS reports that the Project is capable of producing an average saleable production of 4.4 million pounds of uranium per annum over ten years of steady state production, or an average of 3.5 million pounds of uranium per year over a 14 year mine life. This is significantly higher than the rate of production assumed when the Company acquired the royalty in 2009 due to the considerable increase in resource discovered by Berkeley over the past twelve months. First production, and hence first generation of royalty income for the Company, is expected in 2018.
In December 2009, Anglo Pacific acquired a 1% NSR royalty applicable to production from Berkeley's Spanish and Portuguese assets for A$4.1 million which continues to be its carrying value. Anglo Pacific also holds 30.3 million Berkeley ordinary shares.
Julian Treger, Chief Executive Officer of Anglo Pacific, commented:
'We are encouraged by the timely release of this positive DFS. Based on Berkeley's long-term contracted uranium price assumptions, the Project should generate average gross annual sales revenue of approximately US$180m. Anglo Pacific has a 1% NSR royalty based on the revenues received by Berkeley. We look forward to Berkeley's progress in bringing this exciting project into production.
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Anglo Pacific Group plc
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PRODUCTEUR |
CODE : APF.L |
ISIN : GB0006449366 |
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Anglo Pacific est une société basée au Royaume-Uni. Anglo Pacific est productrice de fer au Bresil, et détient divers projets d'exploration au Bresil. Son principal projet en production est AMAPA au Bresil. Anglo Pacific est cotée au Royaume-Uni, aux Etats-Unis D'Amerique, en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 26,7 milliards GBX (31,9 milliards US$, 32,2 milliards €). La valeur de son action a atteint son plus bas niveau récent le 28 septembre 2001 à 10,02 GBX, et son plus haut niveau récent le 05 octobre 2022 à 157,00 GBX. Anglo Pacific possède 169 942 000 actions en circulation. |