Ivanhoe Electric Completes Earn-In to Acquire a 60% Interest in the Samapleu-Grata Nickel-Copper Project in the Ivory Coast
Portfolio Pulse from Benzinga Newsdesk
Ivanhoe Electric (IE) has completed an earn-in to acquire a 60% interest in the Samapleu-Grata Nickel-Copper project in the Ivory Coast. The project, in partnership with Sama Resources, has a new preliminary economic assessment showing a pre-tax NPV8 of $463M and a pre-tax IRR of 28.2%, with an estimated initial capital cost of $338M. It is expected to have a 16-year mine life, producing copper and nickel concentrates along with platinum, palladium, and cobalt by-products.
March 25, 2024 | 11:49 am
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Ivanhoe Electric has acquired a 60% interest in the Samapleu-Grata Nickel-Copper project, showing strong economic potential with a pre-tax NPV8 of $463M and IRR of 28.2%.
The acquisition of a significant interest in a project with strong economic assessments, such as a high NPV8 and IRR, typically signals potential future profitability and growth for the acquiring company. This could positively influence investor sentiment and the stock price of Ivanhoe Electric in the short term.
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