Argex Titanium’s study into the feasibility of its titanium dioxide industrial project produced highly positive results, it was announced on October 9.
The financial study demonstrated a post-tax IRR of 33.8%, and a similarly post-tax NPV of $678.3m.
It was also estimated that 50,000 tonnes of Ti02 could be produced annually at capacity, with the project having an expected lifespan of 25 years.
Roy Bonnell, CEO and president of Argex, commented: “The Valleyfield project described by the study represents extremely positive news for Argex and its shareholders. The study’s completion is a significant milestone on the pathway to production.”
“The results as outlined in this news release make a compelling case for the economic viability of the project.”