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Updated price and exchange rate forecasts boost Image BFS

Creamer Media Senior Researcher and Deputy Editor Online
ASX-listed Image Resources has updated its bankable feasibility study (BFS) for the Boonanarring and Atlas mineral sands deposits in the Perth basin to reflect higher commodity prices and an updated exchange rate. The new inputs significantly boosted the project’s economic metrics, with pretax net present value increasing A$135-million in the original May 2017 BFS to A$197-million at an 8% discount rate.

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