Brief: Nordic Mining Completes Definitive Feasibility Study For Engebø Rutile And Garnet Project

Nordic Mining ASA

28/01/2020 07:23

Jan 28 (Reuters) - Nordic Mining ASA  NOMIN.OL :
    * COMPLETED DEFINITIVE FEASIBILITY STUDY ("DFS") FOR ENGEBØ
RUTILE
AND GARNET PROJECT
    * DFS RESULT IS AVERAGE ANNUAL FREE CASHFLOW FIRST 15 YEARS
OF USD
70M
    * DFS RESULT IS INITIAL CAPEX OF USD 311M AND DEFERRED CAPEX
OF
USD 25M (UNDERGROUND)
    * DFS RESULT ISPAY-BACK PERIOD < 5 YEARS

Source text for Eikon:  ID:nObimzrMWa 
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