Sirius Minerals reduce capital required for North Yorkshire project Magazine

Sirius Minerals has reduced the main city funding desire for its North Yorkshire polyhalite project.

Following the publication of the outcomes of yourrrre able to send Definitive Feasibility Study for any Project, it has been conducting detailed help its preferred contractors to refine the main town funding desire for the Project. By after the preferred contractor designs and estimates, changing the work implementation approach and refining other parts of the DFS estimate, quite a few material reductions are confirmed.

As due to the work the capital city funding require for the Project has become reduced to US$2.91 billion (an 18% reduction through the US$3.56 billion estimate detailed inside DFS). There has been a deduction or deferral of capital vital for stage This is the two stage financing strategy. The revised stage 1 requirement is US$1.09 billion (a 33% reduction from US$1.63 billion). This delivers an up-to-date Project net present value (“NPV”) of US$15.2 billion and an updated Project after-tax debt-free internal rate of return (“IRR”) of 28%.