A prefeasibility study into the Yangibana rare earths project, in Western Australia, has estimated that the project would require a capital investment of between A$390-million and A$420-million, owner Hastings Technology Metals revealed on Friday.
Based on a proposed one-million tonne a year operation, starting in 2019, the project was expected to have a net present value of between A$700-million and A$750-million and an internal rate of return of 40%.
