Nordic Iron Ore publishes very positive results from the optimization study for the Blötberget mine.
Whittle Consulting (“WCPL”) has reported on the completed Enterprise Optimisation study for the Blötberget Project. The final study, of which a summary is now available at the company web page, shows significant upside relative to previously published preliminary result. The optimization of the previously presented feasibility study increases the net present value by circa 50% to USD 172 million.The optimization study aims to improve the NPV, IRR and unit cash cost OPEX by providing improvements to project planning, mine scheduling and a more detailed basis for the final design engineering