Supplementary Information for Medcalf Project PFS Update
Summary
Audalia Resources Limited has released supplementary information regarding the Medcalf Project's Prefeasibility Study (PFS) update and maiden ore reserve. The updated production target is based on revised mine design, scheduling, and economic assumptions. The project requires significant funding, with no binding arrangements currently in place. Project construction is planned to start in Q4 2026, subject to securing necessary approvals and funding.
Investor Highlights
Extracted from the company announcement. This is not financial advice.
- Updated production target based on January 2026 PFS.
- Ore Reserve of 11.77Mt @ 11.0% TiO2, 0.6% V2O5, 53.8% Fe2O3.
- Life of Mine extended to approximately 9 years.
- Project construction planned to commence in Q4 2026.
- Funding requirement of AUD $31.1 million to $120.9 million.
Key Points
- Supplementary information provided for Medcalf Project PFS update.
- Updated production target based on revised assumptions.
- Project construction planned for Q4 2026.
- Funding of AUD $31.1 million to $120.9 million required.
- No binding funding arrangements currently in place.
Key Changes Since Last Announcement
No direct comparison available from recent announcements.
Readability
Technical — The announcement includes detailed technical and financial information related to the PFS and ore reserves.
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.
