Namibia Critical Metals President Darrin Campbell joined Steve Darling from Proactive to share news the company has released results of its Preliminary Economic Assessment for the Lofdal Heavy Rare Earth Project in Namibia. The includes a 16-year mine life and the PEA is based on mining of only 50% of the mineral resource estimate.
Campbell telling Proactive the PEA has much better numbers including throughput of 2 million tonnes per year and longer mine life than the historical PEA from 2014. The project has a NPV of $632.7 Million USD (pre-tax) and $391 Million USD after-tax. The internal Rate of Return is 34% pre-tax and 28% after tax. The Capital Payback Period is 3.2 years after-tax.
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