Admiralty Resources (ASX: ADY) has completed the a Pre-Feasibility Study (PFS) for its Mariposa magnetite iron ore project in Chile, confirming that it is economically viable, technically feasible and environmentally sound.
Key takeaways include a 49.1% post-tax internal rate of return, a 2.25 year payback on a $65.5 million capital investment.
This is based on a Resource...
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Magnetite Iron Ore
