SUBSIDIARY NAME
WAZMP
COUNTRY
Australia – Western Australia
SECTOR/ INDUSTRY
Mining
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
July 22, 2022
ACQUISITION VALUATION
350 MILLION
TOTAL ASSET VALUATION
3.5 BILLION
MINING
WAZMP by TBC acquired on July 22, 2022 for Engineering, Procurement, Construction, Commissioning and Production to bring the mine into full operation
- Proposal for investment is being presented for acquiring a development ready, world class Zircon project in Western Australia;
- The current owners are an ASX listed company with interests in other larger projects;
- The project has a Mining Lease and environmental permit already granted by the Government of Western Australia;
- The project has extensive exploration and metallurgical recovery test reports available along with a Detailed Feasibility Study;
- Discussions have been initiated with contractors for mining and transport;
- The company has also evaluated further the available technology for mining and beneficiation in order to get the best product to market;
- The total financial layout of the project is being assessed, for optimal outcomes;
- Total Debt requirement is US$350 Million.
- The Gross returns are based on the future zircon Heavy Metal Concentrate (HMC) prices, Project Gross NPV is approx. US$150 Million (31% IRR) at conservative long-term price of US $1500 per ton for zircon HMC. Current pellet price is about U$135;
- The Project involves developing a high-grade zircon deposit to operation with beneficiation to a saleable concentrate (HMC).