Sembehun Project Feasibility and Market Dynamics
Phase 2
Indicative Timeline
PFS
Complete
2022
Sierra Rutile Limited
Sierra Rutile's approach is expected to see the development of Sembehun integrated with the remaining operations at Area 1. The below timeline is
based on the recently completed Sembehun PFS
Phase 1
Project
Assessment
DFS
Final Investment
Decision
2023
2024
2025
2026
2027
2028+
Detail Engineering
& Procurement
Phase 1 Construction
Phase 1
Commissioning
Procurement
Ramp-Up
Steady state production
Note: Sierra Rutile is working towards being in a position to make a final investment decision in 2023 which would allow Sierra Rutile to target the commencement of Phase 1 Sembehun production within 24 months. This timeline
is indicative and may be subject to change including due to matters outside Sierra Rutile's control. Refer to Appendix H for information on key risks.
Phase 2 Construction
Phase 2
Commissioning
Ramp-Up
Steady State Production
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