Australian Mines LTD (AMSLF)

[GetRich902902]

Australian Mines sees $5 billion in free cashflow from Sconi over 30-year mine life

Australian Mines Ltd (AMSLF) has revealed an updated mine plan, ore reserve estimate and financials for the Sconi Cobalt-Nickel-Scandium Project in North Queensland.

As a result of this work, the planned life of mine of the project has increased from 18 years to at least 30 years.

Sconi is estimated to produce a total free cashflow after tax of $5.0 billion over the initial 30- year project life, for a simple payback of capital of 4.4 years on a pre-tax basis and 5.8 years on a post-tax basis.

https://www.proactiveinvestors.com.au/companies/news/222025/australian-mines-envisages-5-billion-in-free-cashflow-from-sconi-over-30-year-mine-life-222025.html