Yendon DFS on the cards after positive results

A prefeasibility study (PFS) into the Yendon alumina project, in Victoria, has estimated that the project would require a capital investment of A$271-million to support an annual production of 8 000 t of high purity alumina.

ASX-listed Hill End Gold on Thursday reported that the project was expected to have a net present value of A$692-million and an internal rate of return of 34%, with average annual earnings before interest, tax, depreciation and amortization estimated at A$133-million based on a forecast sales price of A$25 200/t.