EPM Mining Ventures Inc. (TSXV:EPK) announced the results of a National Instrument 43-101 Preliminary Economic Assessment for the production of Sulfate of Potash from its Sevier Dry Lake Potash in southwestern Utah.
As quoted in the press release:
The PEA forecasts SOP Production of 300,000 metric tonnes (“MT”) with an estimated Net Present Value of $956.5 million (pre-tax, inflated, 8% discount rate) and an estimated Net Present Value of $629.7 million (after tax, inflated, 8% discount rate); and with an estimated Internal Rate of Return of 30% (pre-tax, inflated) and an estimated Internal Rate of Return of 24% (after tax, inflated).
EPM Mining Ventures CEO Lance D’Ambrosio said:
This is a major milestone for our company and we are very pleased with the results of the PEA. With CapEx of $310 million and OpEx of $155 per metric tonne for nameplate production, we have demonstrated the economic potential of our project.