GROUP 6 METALS LIMITED Group 6 Metals Limited provided an update to the project economics for the Company's wholly owned Dolphin Tungsten Mine, located on King Island, Tasmania. The Company advises that its team on site has undertaken a detailed review of costs associated to complete construction activities and the working capital requirements to achieve steady state production amid concerns of rising costs due to global inflationary pressures. The review has identified several areas of cost escalation, however pleasingly, these increased costs are more than offset by sustained higher APT prices and favourable FX rates.
The updated project economics are provided following a detailed review of CAPEX cost to complete, and updated OPEX costs. Input costs have been adjusted to account for project design enhancements, increased inflation for materials and labour costs, and increased energy costs. Input costs have been updated but are based on the work completed and referred to in the Revised Feasibility Study ("RFS") released in December 2020.
