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Donald Rare Earth and Mineral Sands Project (Phase 1), Vic

Astron Limited (ATR) | Bankable Feasibility Study (Phase 1) | Released 31 Mar 2026

Mine life
39.5 years
LOM; ~40 years in highlights
Strip ratio
1.7
Average strip ratio
NPV
A$759 million
Pre-tax, 8% real
Capex
A$450 million
Phase 1, real, incl. A$39m contingency

Inferred share: Not disclosed

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

Inferred share not disclosed | Slope angles not disclosed | Contractor mining, two contractors shortlisted | Ore Reserve by AMC Consultants | Strip mining in sequential blocks

Also in the release

Average ore grade 4.5% at 7.5 Mtpa, dozer push to an in-pit MUP. Operating cash costs A$143.0m a year on average. Post-tax NPV8 A$462 million. FID targeted for Q2 2026.

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

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