Highlights of the PEA include:

• After-tax Net Present Value of US $1.6 billion;
• After-tax Internal Rate of Return of 39%;
• Total development capital expenditures including mining, processing facilities, port and logistics infrastructure ("CAPEX") of US $787 million;
• Total operating expenditures ("OPEX") (including production, sustaining capital, transportation/handling, port, loading costs) FOB on the Vessel of US $130 per tonne;
• PEA is based on Annual Production of one million tonnes of SOP per year using solution mining and solar evaporation ponds;
• Demonstrates Allana's potential for MOP and SOP operations, both of which have industry-leading CAPEX and OPEX profiles;
• Allana evaluating alternatives to maximize the value of both MOP and SOP resources.

Please click here to read the news release.