Sensitivities

Higher grades and recoveries achieved during the demonstration phase have the potential to add a full year's production and US$43m to the project NPV. Given the high operating margins the project is not overly sensitive to changes in operating or capital costs.

Impact on NPV (US$ 000s)

Impact on NPV

Key cost drivers for the Wetar Copper project include cathode produced and tonnes mined.

A summary of the key cost items is set out below:

Key Cost Driver BFS
Mining ($/tonne ore mined) $8.80
Mining ($/tonne ore and waste mined) $4.50
Power ($/tonne cathode) $860
Reagents ($/tonne cathode) $150
Other Processing ($/tonne cathode) $ 250
Total Processing ($/tonne cathode) $1,260