Cradle Resources plans DFS for Tanzania niobium project
Cradle Resources intends to carry out a Definitive Feasibility Study for its Panda Hill Niobium Project in Tanzania and intends to complete an equity raising to fund this.
The company had previously estimated initial capital expenditure for a 1 million tonne per annum project at US$125 million.
This will generate EBITDA of US$100 million per annum over a 26 years mine life.
Read more at: http://www.proactiveinvestors.com.au/companies/news/52672/cradle-resources-plans-dfs-for-tanzania-niobium-project-52672.html
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