Resources round-up: Tertiary Minerals, Orsu Metals, Silvermere

Tertiary Minerals has announced the successful completion on an independent scoping study on its wholly-owned Lassedalen fluorspar project in Norway. The study indicates that an underground mine and processing plant is commercially viable.

Tertiary Minerals has announced the successful completion on an independent scoping study on its wholly-owned Lassedalen fluorspar project in Norway. The study indicates that an underground mine and processing plant is commercially viable.

The study projects that at a production rate of 100,000 tonnes of acid grade fluorspar concentrate per year, $325m in revenue will be generated over a 6.6-year minelife and $78m initial capital cost. Annual pre-tax cashflow in excess of $25m is predicted, with payback within 34 months of the production start date.

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