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Economically robust dredge mining project identified in Mannar Heavy Mineral Project, with a high-grade zone and potential expansion opportunities.
Initial scoping study indicates NPV10% of A$545 million based on a Stage one 4 Mtpa operation scenario, Stage one IRR of 52%, and potential for capital payback within 2 years.
Project expected to provide substantial socio-economic benefits to local communities through progressive rehabilitation and development of plantation agriculture and natural vegetation protection zones.