The FS represents a significant economic improvement over the Preliminary Economic Assessment (PEA) released by Atlas
In addition, SLR has also provided an expansion case to 4.0 Mtpa of salt production over a 47.5-year mine life presented at a Preliminary Economic Assessment (PEA) level analysis demonstrating a robust upside production scenario with an NPV at 8% of
The FS includes the expansion of the Indicated Mineral Resources, and first-time declaration of Mineral Reserves (in million tonnes (Mt)
Indicated Mineral Resources totaling 383 Mt at 96.0 % NaCl
Inferred Mineral Resources totaling 868 Mt at 95.2 % NaCl
Probable Mineral Reserves totaling 88.1 Mt at 96% NaCl
The conversion of Inferred to Indicated Mineral Resources (and subsequent conversion to Probable Mineral Reserves) has been limited by the target of an initial 34-year mine life. It is anticipated that further upgrading of Mineral Resources to Mineral Reserves will be carried out from underground during the production phase.
Key elements of the Project are designed to accommodate mine and processing expansion of up to 4.0 Mtpa and to extend the mine life beyond 34 years.
Great
Designed to minimize environmental impact by utilizing electrified equipment.
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