Medcalf Project Prefeasibility Study Update and Maiden Ore Reserve
Summary
Audalia Resources Limited has released an update on the Medcalf Project's Prefeasibility Study (PFS) for January 2026, which includes the project's maiden JORC 2012 Ore Reserve. The Ore Reserve is categorized as 100% Probable, consisting of 11.77 million tonnes at 11.0% TiO2, 0.6% V2O5, and 53.8% Fe2O3. The PFS update evaluates two project options, both showing favorable economic outcomes, with one option delivering a Net Present Value (NPV) of AUD$227 million and an Internal Rate of Return (IRR) of 64%. The project aims to produce high titanium ore for blast furnace applications.
Investor Highlights
Extracted from the company announcement. This is not financial advice.
- Maiden Ore Reserve of 11.77Mt at 11.0% TiO2, 0.6% V2O5, 53.8% Fe2O3.
- High CAPEX/low OPEX option NPV: AUD$227M, IRR: 64%.
- Project located 100 km southwest of Norseman, Western Australia.
Key Points
- Medcalf Project's maiden Ore Reserve is 11.77Mt at 11.0% TiO2, 0.6% V2O5, 53.8% Fe2O3.
- Two project options evaluated: low CAPEX/high OPEX and high CAPEX/low OPEX.
- High CAPEX/low OPEX option shows NPV of AUD$227M and IRR of 64%.
Key Changes Since Last Announcement
No direct comparison available from recent announcements.
Readability
Technical — The announcement includes detailed technical data and economic metrics related to mining and project evaluation.
Mine Brief summaries are generated from company announcements and are provided for general information only. They are not financial advice. Investors should refer to the original announcements and seek professional advice where appropriate.
