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Updated PFS for TECH project
Pure Minerals and its wholly-owned subsidiary Queensland Pacific Metals Pty Ltd (QPM) recently received positive results from an updated pre-feasibility study for the Townsville Energy Chemicals Hub (TECH Project) in North Queensland.
The revision of the December 2019 PFS includes the addition of a high purity alumina (HPA) refinery and optimisation work to reduce gas and water consumption and consequentially, operating costs.
Pure Minerals managing director John Downie said the update confirmed that the TECH Project had the potential to deliver excellent economic returns and remain financially robust in downward price cycles.
He said: “The Updated PFS demonstrates that the TECH Project can be a significant supplier of battery chemicals, generating robust financial returns with soft commodity prices and excellent financial returns in stronger commodity cycles.
“The strong economics for the TECH Project will appeal to offtakers and strategic investors who are seeking to support projects that can delivery certainty of supply at all times.”