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Medcalf Project, WA

Audalia Resources Limited (ACP) | PFS Update and maiden Ore Reserve | Released 30 Jan 2026

Mine life
9 years
Schedule, excl. pre-production
Strip ratio
0.6:1
Waste to ore
NPV
Not disclosed
Not disclosed
Capex
AUD 120.9M
Total, high capex/low opex option

Inferred share: Reserve-based, no Inferred

Figures are as the company states them, in its currency and on its basis. "Not disclosed" means the release doesn't state the figure.

Planning inputs

Reserve-based, no Inferred | Slope angles not disclosed | No additional dilution or ore loss applied | Contractor mining | Mine plan and Ore Reserve by Cube Consulting

Also in the release

NPV10 of above AUD$227M for the sealed road option; unsealed road option NPV of AUD$141M, capex AUD 31.1M; tax basis not disclosed. Crush and screen direct shipping at 1.0 Mtpa ore. Total OPEX AUD 49.82/t, sealed road.

Read the release on the company's siteAdded to the tracker; released before the first issue of The Study Sheet.

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