Nordic Iron Ore discloses outcome of first phase of Optimisation study
Whittle Consulting (“WCPL”) has reported on the first phase of the Enterprise Optimisation study for the Blötberget Project. This phase of the optimisation work is confined to the parameters used in the Feasibility Study, and within these restrictions, an increase of more than 30% has been recognized for the project NPV at an 8% discount rate.The Feasibility Study planning for Blötberget from 2019 was thorough and in principle well done. WCPL finalised an Activity-Based Costing (ABC) model leveraging the detail in the financial model and using the development design and costs from the