Brief: Nordic Iron Ore Discloses Outcome Of First Phase Of Optimisation Study

Nordic Iron Ore AB

01/10/2020 08:20

Oct 1 (Reuters) - Nordic Iron Ore  NIO.ST :  
    * SAID ON WEDNESDAY WHITTLE CONSULTING ("WCPL") HAS REPORTED
ON
THE FIRST PHASE OF THE ENTERPRISE OPTIMISATION STUDY FOR THE
BLÖTBERGET PROJECT
    * AN INCREASE OF MORE THAN 30% HAS BEEN RECOGNIZED FOR THE
PROJECT
NPV AT AN 8% DISCOUNT RATE.
    * NORDIC IRON ORE AND MINING PLUS HAVE REVIEWED AND ARE
COMFORTABLE WITH THE RESULTING SCHEDULE AND DEVELOPMENT PLAN.  
    * THE TOTAL PRE-TAX PROJECT NPV8 IMPROVEMENT TO DATE IS USD
33.93M
    * THE OPTIMISATION WORK WILL CONTINUE IN OCTOBER WITH
SEVERAL
SCENARIO

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr7ps0WH
    
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