Boron One boosts Serbia project economics in updated study
Canadian explorer has outlined a higher projected return, annual revenue and after-tax net present value.
Boron One Holdings, a Canadian explorer, has updated its preliminary economic assessment for the Piskanja boron project in Serbia, projecting higher annual revenue, after-tax net present value (NPV), and internal rate of return. The revised figures show an after-tax internal rate of return of 89%, compared to 79% in the 2022 study, with the NPV increasing to $558.8 million from $524.9 million at a 10% discount rate.
Despite a projected mine life of 13 years, down from 16, and a drop in average annual earnings before interest, taxes, depreciation, and amortization to $87.7 million, Boron One maintains that future activities are justified to advance project development. The project's critical mineral boron has various high-tech applications, including fertilizers, specialty glass, ceramics, fibreglass insulation, and electrolyte additives in electric-vehicle batteries.
Brief written by urgent.news from Mining.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
