Oropesa tin project, Spain
Name of the Project
Oropesa tin project.
Location
Spain.
Project Owner/s
Tin mine development company Elementos.
Project Description
A definitive feasibility study (DFS) has demonstrated the technical and economic viability of the project.
The DFS is based on a maiden ore reserve estimate of 15.9-million tonnes grading 0.36% tin.
The DFS envisages a 1.36-million-tonne-a-year opencut, truck-and-shovel mining operation, producing an average 3 405 t/y of contained tin for the European tin market over an operating base-case mine life of 11.75 years.
Total life-of-mine production in concentrate is estimated at 63 000 t, with metal production estimated at 40 000 t, while total ore production is stated at 15.96-million tonnes.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Based on a spot LME tin price of $38 575/t over the life-of-mine, the DFS confirms a pretax ungeared net present value, at an 8% discount rate, of €155.5-million and a pretax real ungeared internal rate of return of 25.65%, with a payback period of 2.7 years.
Capital Expenditure
Capital costs are estimated at €149.35-million, including a 10.4% contingency.
Planned Start/End Date
Not stated.
Latest Developments
Not stated.
Key Contracts, Suppliers and Consultants
Not disclosed.
Contact Details for Project Information
Elementos, tel +61 7 2111 1110 or email admin@elementos.com.au.
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