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Gold/Mining/Energy : Verde Agritech -- Ignore unavailable to you. Want to Upgrade?

To: Sultan who wrote (15795)

11/27/2017 12:18:55 PM

From: Powerstart118

Respond to of 16582

Great!

More press releases»

| Press Release
US$1.98 Billion NPV & US$3 Million Capex (Phase 1)

TORONTO, Nov. 27, 2017 (GLOBE NEWSWIRE) -- Verde AgriTech Plc (TSX:NPK) (OTCQB:AMHPF) ("Verde” or the “Company”) is pleased to announce the conclusion of a Pre-Feasibility Study (“PFS”) for the expansions to the ongoing Super Greensand®production. The PFS was prepared by BNA Mining Solutions (“BNA”) and Andes Mining Services Ltd. (“ANDES”) with inputs from technical studies completed by other consultants on Verde's Cerrado Verde Project ("Cerrado Verde" or the "Project") located in Minas Gerais State, Brazil.

The PFS evaluated the technical and financial aspects of producing 25 million tonnes per year (“Mtpy”) of Super Greensand®, divided in three phases: Phase 1 (0.6Mtpy); Phase 2 (5Mtpy) and Phase 3 (25Mtpy). The proposed scalable development is predicated on expansions being financed largely from projected internal cash flow.

Project Highlights:

Proven and Probable Reserves of 777.28 million tonnes, grading 9.78% K2O.Capex for Phase 1 is estimated at US$3.05 million.Capex for the Project is estimated at US$369.53 million.Sustaining Capital for the Project is estimated at US$222.26 million.Estimated after-tax Net Present Value (“NPV”) for the Project, using an 8% discount rate, of US$1,987.97 million.Estimated after-tax Internal Rate of Return (“IRR”) of 290%.Adopted Potassium Chloride (“KCl”) long term price of US$250 CFR Brazil as reference for Super Greensand® pricing.Estimated Operating Cost of US$14.53, US$6.77, US$7.92 per product tonne for Phases 1, 2 and 3 respectively digitaljournal.com