Danakali ESG Framework
Key project metrics
Front End Engineering Design (FEED) economic estimates and outcomes 1,2
100% of the Project (equity / pre-debt basis)
Annualised SOP production
Module I development capital6
Incremental Module II development capital 5,6
Capital intensity6
Incremental Module Il capital intensity6
Average mine gate cash costs?
Average total cash costs 7,8
Average annual undiscounted free cash flows?
Post tax NPV (10% real)
Post tax IRR
Danakali's 50% share of the Project (post finance basis)
Average annual undiscounted free cash flows?
Post finance NPV (10% real) - POST TAX
Post finance IRR- POST TAX
Module 13
Modules I & ||4,5
472ktpa
944ktpa
US$302M
US$202M
US$640/t
US$534/t
US$427/t
US$165/t
US$149/t
US$258/t
US$242/t
US$88M
US$173M
US$505M
US$902M
28.1%
29.9%
US$43M
US$242M
29.7%
US$85M
US$439M
31.3%
1
DNK announcement 29 January 2018
2 Economic estimates and outcomes reported in US$ real
3
5
Assumed 100% funded from project cash flows and third-party debt
6 Including contingency, excluding sustaining and working capital
7
Assumed that Module I is 60% debt / 40% equity funded
Average for first 60 years of production
4
Module Il production expected to commence in year 6
8
Includes mine gate cash costs, product logistics, and royalties
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