Panasqueira Tungsten-Tin Mine Presentation
PANASQUEIRA - GETTING TO THE NEXT LEVEL
Economic Model and Future Outlook
THE
VISION
THE
MISSION
PANASQUEIRA - GETTING TO THE NEXT LEVEL
Although current production levels remain steady, seizing the opportunity to access L4 is crucial
for safeguarding against potential future declines. By strategically unlocking L4, we aim to not only
sustain but enhance the overall project's value, ensuring its long-term success and profitability.
The actual resource map of L4
shows the veining system
extending extensively in L4
PANASQUEIRA - GETTING TO THE NEXT LEVEL
Project involves deepening existing mining infrastructure by 120 meters and strengthening crucial
elements: drainage, ventilation, and surface environmental facilities.
Low risk profile due to usage of the existing surface equipment & following orebody to depth
L4 will allow access to new deeper richer virgin vein zones and to transfer most of the production
from the upper levels lower grade zones to the new richer deeper zones
Current upper-level mining grade stands at approximately 0.13% WO3
Prioritize highest-grade stopes to achieve a 0.15% WO3 or higher head grade
L4 grades around 0.20% WO₂ expected to significantly boost production and economics
➤ Achieving L4 extension within 3 years from start without disrupting ongoing mine production
RISK
11
10
223
L
02
D10
0 11
b 15
A
ALMONTY
fin
09
*Cumulated: Upper levels & L4
LOW RISK EXTENSION
Low risk profile due to usage of
the existing surface equipment
& following orebody to depth
PREMIUM PRICE RECEIVED
>15% premium on Portuguese
shipments due to tightening
supply from transparent source
2027F
2024F
After extension*
ROM/y
Avg. Grade
580,000
0.13%
800,000
+38%
0.19%
+46%
THE
ECONOMIC
EVOLUTION
Rec Metal (MTU WO3)
Revenue (USDm)
OPEX (USDm/Ratio)
56,000
124,000
+105%
16.3
36.3
+80%
13.5/82.8%
19.5/53.7%
-35%
EBITDA Margin
20%
35%
+75%
Exp. CAPEX (USDM)
35.4
NPV(7.5) (USDm)
Payback
47.2
~2 years
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