EDISON EQUITY RESEARCH - AVALON RARE METALS - STUDY SUPPORTS FURTHER INVESTMENT IN TIN
March 22 2015 - 11:00PM
InvestorsHub NewsWire
EDISON EQUITY RESEARCH - AVALON RARE METALS - STUDY
SUPPORTS FURTHER INVESTMENT IN TIN
Avalon’s Conceptual Redevelopment Study (CRS) on its East
Kemptville asset provides sufficient confidence to advance its
understanding of this promising tin project, one of only a few
available for development outside Asia. Capex has been initially
set at c US$157m (excluding sustaining capex) and includes a small
tin refinery to produce ingots, rather than lower-value
concentrates. We see East Kemptville as the leading asset in
Avalon’s five-strong project portfolio. However, we also note the
potential for lithium chemicals to be generated from its Separation
Rapid project to feed into the growing lithium battery story
surrounding electrical vehicle manufacture. Subject to financing
and further technical work, management expects both projects to
provide Avalon’s first cash flows as early as 2018.
Avalon Rare Metals is focused on rare metal and minerals deposits
in Canada, with three advanced-stage projects, including its
100%-owned Nechalacho Deposit, the Separation Rapids Lithium
Minerals Project and the East Kemptville Tin-Indium Project.
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