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Osmond Resources Reports After-Tax NPV of $2.31 Billion in Spain Project Scoping Study, Shares Up 5%

MT Newswires Live
Yesterday

Osmond Resources (ASX:OSM) said a scoping study for its Orión EU Critical Minerals Project in Spain returned an unlevered post-tax net present value of $2.31 billion at an 8% discount rate and an unlevered post-tax internal rate of return of 145%, according to a Friday Australian bourse filing.

The company said the study estimates capital expenditure of $299 million including 25% contingency, with average annual earnings before interest, taxes, depreciation and amortization of $531 million and a free cash flow payback period of six months.

Life-of-mine C1 cash cost, net of by-product credits, is $12.67 per tonne of run-of-mine ore, the filing added.

Additional drilling is expected to increase scale and confidence, with an upgraded mineral resource estimate and an updated scoping study to follow, Osmond Resources added.

The company's shares rose 5% in recent Friday trade.

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