Sierra Rutile 2023 Half Year Results Presentation
Outlook
The world's largest natural rutile producer positioned to deliver sustainable growth
Sierra Rutile
Short Term
▲ Reduced high-grade feedstock demand as European pigment producers
continue to experience reduced demand.
▲ Sales plans moderated in response to lower pigment production.
▲ Production plans moderated to contain absolute costs.
▲ Negotiations with Government of Sierra Leone regarding Third Amendment
Agreement.
▲ Potential to proceed with Mogbwemo tails project.
▲ Finalising Sembehun DFS workstreams by end of 2023.
Medium Term
▲ Tight supply of natural rutile globally.
▲ Elevated energy costs supporting prices of competing products.
▲ Sembehun Financing/FID.
▲ Long term opportunity with Sembehun, expected to significantly extend mine
life, while leveraging existing processing and logistics infrastructure.
▲ FY2023 Full Year Guidance:
▲ Production: 124kt-126kt of rutile
▲ Net Unit Cost: $990-1,055/t
Sierra Rutile 2023 Half Year Results Presentation | ASX: SRX
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