WAZMP

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).