An optimised definitive feasibility study (DFS) into the Ardmore phosphate rock project, in Queensland, has reduced the pre-production capital cost requirements of the project while increasing the pre-tax net present value by some 56%.
ASX-listed Centrex Metals on Thursday reported that capital cost estimates for the project have declined from A$77-million to A$69-million, while the post tax net present value has increased from A$109-million to A$192-million, with the internal rate of return increasing from 30% to 54%.