Sierra Rutile Investor Presentation
PFS Completed June 2022
Sierra Rutile
PFS indicated a robust project and economics
Sembehun PFS Highlights
Ore Reserves¹
Mineral Resources¹
Mine Life
Mining Method
174Mt @ 1.46% Rutile
508Mt @ 1.10% Rutile
▲ >13 years
Processing
Project Net Present Value
(8%, post tax real)²
Project Internal rate of
return (post tax real)²
Dry mining (truck & excavator)
Mineral concentrate from Sembehun will be processed in a
magnetic separation circuit and proceed to the company's
existing mineral separation plant, which includes a feed
preparation plant and dry plant
▲ US$318m
▲ 24%
A
Robust target project financials and production metrics from PFS.
Significant value upside as the project continues to de-risk.
Leveraging existing investment in Mineral Separation Plant, port and
various roads.
Sembehun production volumes expected to exceed those of Area 1.
Capital cost (US$m real)
Steady state average unit
cash costs of production,
net of co-product credits
(US$/t R, real)³
▲ Total: US$337m
▲ US$535/t rutile produced
(excluding royalties and rehabilitation)
Note: (1) Ore Reserve and Mineral Resource estimate as at 31 December 2022. See Sierra Rutile Annual Statement of Resources and Reserves released 24th March 2023 for more information.
(2) Excluded head office corporate costs. Assumed LT (real) rutile price of US$1,223/t.
(3) Unit cash costs (net of co-products) represent the total cash costs of production less the revenue earned from co-products (ZIC, TIC and ilmenite), divided by the total tonnes of rutile produced (exclusive of TIC).
Sierra Rutile Investor Presentation | ASX: SRX
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