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10 Jan
16:18

RARE EARTH: Defense Metals files PEA technical report on Wicheeda project

Defense Metals says it has filed its preliminary economic assessment technical report on its Wicheeda rare earth project in British Columbia with Canadian regulators, Kallanish reports. The favourable PEA had been released last November by the company. The project has a pre-tax net present value of CAD 765 million ($602.7m) and after-tax NPV of CAD 512m at an 8% discount rate. The pre-tax internal rate of return is 20% and the after-tax IRR is 16%. The capital pay…
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