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Jun 4 2019, 08:40 IST/BST
While well flagged already, the positive outcome of the definitive feasibility study (DFS), examining the move of wet concentrator plant (WCP) B to a new mining zone at Pilivili, should be welcomed. The new zone will provide a stream of high grade, easily mined material over a period of eight years. This should ensure optimal output of 1.2m tonnes of ilmenite per annum and reduce operating cost per tonne to the $120-130 range. Overall, the news further underpins the progress the group has made over the last three years and our ‘Outperform’ rating.
Jun 4 2019, 08:40 IST/BST