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Allup Silica Ltd. ( (AU:MML) ) has shared an announcement.
McLaren Minerals has completed a Pre-Feasibility Study for its McLaren Titanium Project in Western Australia, outlining a long-life, large-scale operation based on a Mineral Resource Estimate of 529Mt at 4.5% heavy minerals, including a substantial indicated component. The PFS indicates a 15.9-year mine life, an 11.8Mtpa processing rate and life-of-mine production of 6.48Mt of ilmenite concentrate, delivering forecast life-of-mine net revenue of A$2.60bn, EBITDA of A$899m, a pre-tax NPV8 of A$252m and an IRR of 26%, under conservative price assumptions. With pre-production capital of A$179m, a 3.7-year payback period, conventional processing flowsheets and bulk dry-mining methods, the study points to relatively low technical and execution risk, while more than 60% of the total resource remains outside the initial pit, offering upside for mine life extension and project optimisation in the forthcoming Bankable Feasibility Study.
The most recent analyst rating on (AU:MML) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Allup Silica Ltd. stock, see the AU:MML Stock Forecast page.
More about Allup Silica Ltd.
McLaren Minerals Limited is an Australian mineral exploration company focused on developing its 100%-owned McLaren Titanium Project in Western Australia. The project targets heavy mineral sands, primarily ilmenite and non-magnetic concentrates, positioning the company within the titanium feedstock market for global pigment and industrial applications.
Average Trading Volume: 3,731,740
Technical Sentiment Signal: Buy
Current Market Cap: A$13.51M
Find detailed analytics on MML stock on TipRanks’ Stock Analysis page.