Project Overview - The AusPozz Project focuses on producing High-Reactivity Metakaolin (HRM) from high-purity kaolin for low-carbon, high-performance concrete[15, 16] - AusPozz can replace up to 40% of Ordinary Portland Cement (OPC) in concrete, significantly reducing the carbon footprint[19] - Life Cycle Analysis indicates that AusPozz has an embodied carbon value approximately 79% less than cement binder[19] Financial Highlights - The Preliminary Feasibility Study (PFS) shows a robust after-tax NPV of $406 million and an IRR of 42% over a 20-year Life of Mine (LOM)[26] - The project anticipates after-tax cash flow of $1.01 billion and EBITDA of $1.60 billion over the 20-year project life[27] - Initial capital expenditure is approximately $95 million, reduced by early cash flows from Direct Shipping Ore (DSO) kaolin operations[28, 32] Production and Operations - The project targets a nameplate production of 300,000 tonnes per annum (tpa) of AusPozz from Train 1, with potential for Train 2 expansion to double capacity[27, 49] - A production target of 151,000 tpa of Kaolin DSO is set for export markets[27] - The Toondoon Kaolin Project has a JORC resource of 10.9 million tonnes (Measured 4.03Mt, Indicated 6.84Mt) within 5% of the tenement footprint, supporting the 20-year LOM[46] Market and Commercial Opportunities - The project aims to address the cement production industry, which accounts for 8% of global CO2 emissions[55] - The application of nameplate annual AusPozz production could avoid an estimated 229,800 tonnes of CO₂-e emissions per year[57] - A Memorandum of Understanding (MOU) is in place with Jiangsu Mineral Sources International Trading Co (MSI) for potential offtake of low-iron kaolin (800,000 tonnes), pink cosmetic grade kaolin (150,000 tonnes), and bauxitic clay (1,500,000 tonnes) over a 5-year term[51]