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Earnings for the ASX-listed company are expected to be nearly $500 million (on an EBITDA basis), and the 10-year life-of-mine has a net present value for Metals X of $185 million.
Those metrics incorporate a two-year project capital investment of $50-55 million funded by operating cashflow for infrastructure needed to exploit Rension's Area 5 mineralisation.
Metals X's capitalisation this week was less than $80 million.
Production from Renison will average a shade under 10,000t per annum of tin-in-concentrate, with output in the initial year averaging 8500-9000tpa as the grade profile increases from 1.25-1.3% tin to 1.4-1.5% tin.
The life-of-mine plan at Renison comes as Metals X completes a strategic review of its shuttered Nifty operation in Western Australia.
Earlier this month it formed a new exploration joint venture with IGO for its Paterson Province ground around Nifty.
