South Star Battery Metals (TSE:STS) has released an update.
South Star Battery Metals has announced a significant increase in mineral resources along with favorable Preliminary Economic Assessment outcomes for its BamaStar Graphite Mine and Value-Add Project in Alabama, forecasted to start production by 2027. The project predicts a robust financial performance with a pre-tax Net Present Value of $2.4 billion and an after-tax value of $1.6 billion, alongside a promising 19-year mine life estimated to generate substantial revenue and free cashflow.
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