![]() ![]() With C1 cash costs down at US$400/tonne, and a selling price of US$1,300/tonne, Mahenge delivers a margin of US$900/tonne. The high-margin, long-life project delivers a NPV 10 (10% discount rate) after tax of US$895 million and an IRR of 42.7%. The just-released DFS aligned well with the company's optimised pre-feasibility. Before that he headed BHP's Nickel West strategy group, managed in large mining services companies, and ran mines and multi-discipline project teams in a 35-year career.ĭe Vries has led Black Rock as the junior moved into the definitive feasibility study (DFS) phase on its 100%-owned Mahenge project in Tanzania, having established Mahenge's status as a world-class, high-purity graphite deposit (211.9 million tonnes at 7.8% TGC) with some unique development features related to what's in the ground at the Mahenge district property, and around it.īlack Rock opted to use the engineering contractor (CPC) that worked on Syrah Resources' new Balama operation in Mozambique as it got into the critical engineering and design phase at Mahenge because the Perth-based firm beat four other bidders with its portfolio and credentials, and because it afforded Black Rock the chance to learn all it could from Syrah's market entry. ![]() That's five more plants than anybody else."ĭe Vries is a veteran mining engineer who was part of the team that helped St Barbara turn around the struggling Simberi gold operation in Papua New Guinea. "Between Yantai and CPC, they've built five graphite plants in the past 10 years. To de-risk the project execution we also aligned Black Rock with an engineering panel that's got the experience to interpret the data produced. It took us 15 iterations before we arrived at a circuit that we were happy with. "That's why, at 90 tonnes, our pilot plant is 10-times bigger than anyone else's at the study stage. "It's not rocket science, but it does require discipline and focus. ![]() This in turn gives us a technically proven flow sheet and design we can finance supported by customers who are prepared to sign offtake contracts after sufficient testing to get comfortable with our product. Simply put, the right data gives us a process plant that works and appropriate amounts of concentrate for customers to test. "Unashamedly, going big on the pilot plant was the right thing for the DFS, but it was a fundamental part of de-risking our finance strategy by providing concentrate to pursue a targeted marketing strategy. ![]() We've said in the absence of a vast amount of experience we better have data. "Unlike gold where there is a vast amount of domain knowledge, there simply isn't a library of experience sitting behind the graphite industry. She believes she will never see him again, and you can feel Cinderella resign to that fact."The evidence is, it's a whole lot harder than most think it is. He wants to believe he will find her soon. CINDERELLA SCREENIT FULLThe music here is full of longing and heartbreak beautiful lines in the strings and woodwinds combined with some crunchy harmonies in the brass show the bitter-sweet nature of the story. The low brass growl between the chimes, representing Cinderella’s distress and warning the listener about the consequences of her adventure.Īfter the magic has worn off (4:03), Cinderella and the prince reminisce on their wonderful night. The music shifts from a glamorous waltz to a foreboding close-up of the clock the percussion ticks the seconds, and the clock strikes midnight (listen for the crash starting at 3:29). Then at 2:45, Cinderella realizes she must leave. It is easy to imagine a grand room full of couples dancing together – the women in beautiful gowns gliding among the twinkling lights at the guidance of their smartly dressed companions. The music expands as the two lovers dance, becoming almost wild and out of control (especially starting around 2:14 in the video above). ![]()
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