Open Cut Study
Open Cut Pre-Feasibility Study
The Dartbrook Open Cut Pre-Feasibility Study (OC PFS) was completed in March 2018. The OC PFS considers two main options – an owner operator case and a contract mining case.
The Study highlights:
- The Owner-Operator and Contractor cases both deliver an NPV of approximately AU$1.3 billion with strong internal rates of return, 23.2% and 24.6% respectively
- Study confirms the technical and financial capability of the Dartbrook Open-Cut Project
- Consistently low run of mine coal strip ratio delivers very competitive, low life-of-mine operating costs in the 1st quartile for global seaborne thermal coal producers
- Modelling of key environmental parameters indicates the Project meets or exceeds stringent environmental requirements
- Substantial benefits for the region, State and Federal governments delivered by employment, royalties and taxes
| Study Snapshot |
Unit |
Owner Operator Case |
Contractor Case |
| Project Net Present Value10 |
AUD million, as at 1 July 2017 |
1,341 |
1,292 |
| Project Internal rate of return |
%, as at 1 July 2017 |
23.2 |
24.6 |
| AUD Free on Board (FOB) operating cost |
LoM, all-in, excluding state royalties, 2017 AUD |
42.1 |
47.8 |
| US$ FOB |
LoM, all-in, excluding state royalties, 2017 USD |
31.6 |
35.8 |
| Payback period |
Year of production |
5 |
5 |
| Development Capex |
2017 AUD to first coal |
937 |
699 |
| Average EBITDA Margin |
Steady State Earnings before interest, tax, depreciation and amortization, as a % of revenue |
52% |
46% |
| Total RoM tonnes |
LoM |
226 |
226 |
| Total Product tonnes |
LoM |
172 |
172 |
Click here to view the Dartbrook Open Cut Pre-Feasibility Study
