(MENAFN- ProactiveInvestors)
Walkabout Resources () has completed a Scoping Study confirming the robust development model for its Takatokwane Thermal Coal Project in Botswana.
The study part of the ongoing Pre-Feasibility Study modelled NPV of $850 million and IRR of 14% under the conservative production and pricing base case.
Capex is estimated at US$767 million with Opex estimated between US$43 and US$57 per tonne FOB.
The conceptual operation at Takatokwane Mine contemplates two open-cut strip mines employing drag line machinery each mining some 6 million tonnes per annum of coal
This will deliver three products an international seaborne coal product at a calorific value (CV) grade of 5500 Kcal/kg a mid-range product at around 4800 Kcal/kg and a power station feed of 4200 Kcal/kg.
The Mining Study considers only the mining of wide seam 2 Upper and Lower and the overall stripping ratio is deemed to be 4.09 over the 20 year life of mine.
Development of the Takatokwane Thermal Coal Project remains dependant on the construction of suitable rail infrastructure to move the coal product.
Currently the Coal Development Unit of Botswana is managing the Feasibility Study of the TKR rail project and this project is expected to be completed by 2019/2020.
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