Tala Hamza gets new price tag

A revised feasibility study into the Tala Hamza zinc/lead project, in Algeria, has shown that the project could recover some 129 300 t/y of zinc concentrate and 26 000 t/y of lead concentrate over a mine life of 21 years.

ASX-listed Terramin Australia on Wednesday reported that a pre-production capital investment of A$449-million would be required, with the project’s post tax net present value estimated at A$399-million and its internal rate of return at 14%, based on a zinc price of $1.25/lb and a lead price of $1.05/lb.