A definitive feasibility study (DFS) into the Panda Hill niobium project, in Tanzania, has increased the project’s expected net present value (NPV) while considering an alternate development scenario.
A 2015 prefeasibility study (PFS) considered a base case production scenario of two-million tonnes a year, with the project estimated to require a capital spend of $158-million. The PFS delivered a post-tax NPV of $470-million and an internal rate of return (IRR) of 56%.
