Study nearly doubles value, lifts resource for Aclara’s Penco rare earths project
Aclara attributes the higher NPV partly to a 55% increase in material processed to 30.8 million tonnes.
An updated preliminary economic assessment (PEA) for Aclara Resources’ Penco Module rare earths project in Chile nearly doubles its post-tax net present value, which increased from C$244 million ($178 million) to C$344 million ($243 million). This significant boost in value is due to several factors, despite a corresponding increase in initial capital costs.
Despite a doubling of the project’s initial capital costs, Aclara’s updated PEA still estimates Penco’s NPV at C$344 million ($243 million), compared with C$244 million ($178 million) in the 2021 study. This value uplift is largely attributed to a higher estimated 8% discount rate, as well as a 3-year extension of the mine life to 17 years and a 3 percentage point increase in the internal rate of return, now at 26.1%.
The updated PEA also notes a 55% increase in material processed, bringing the total to 30.8 million tonnes, and a higher forecast for rare earth prices.
Written by urgent.news from Mining.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
