Critical Metals Corp (Nasdaq: CRML) Achieves Breakthrough Tanbreez Heavy Rare Earth Results: >99% Dissolution of Eudialyte Concentrate Into 19 Ultra-High-Purity Rare Earth Products; Refinery Study Projects US$1.8–2.2b in Annual Refinery Revenue
Critical Metals Corp reported that Tanbreez eudialyte concentrate achieved greater than 99% dissolution into 19 ultra-high-purity rare earth products, a key technical step in its mine-to-metals strategy. Preliminary modelling for the proposed CRML Romania refinery projects roughly US$2.2 billion in annual revenue before costs, an NPV10 near US$4.5 billion, an IRR of about 55% and a two-year payback, against a Class 4 CAPEX estimate of US$1.85 billion. Silica recovery could add roughly US$600 million a year in by-product revenue, and the process is designed to cut fresh acid consumption by about 85% while targeting tailings near 1% of feed tonnage.
Key figures
- Irr
- approximately 55%
- Npv10 usd
- 4500000000
- Opex per ton
- approximately US$3,500-4,000
- Capex estimate
- US$1,85 billion (+/-25% Class 4 estimate)
- Payback period
- approximately two years
- Tailings target
- approximately 1% of feed tonnage
- Dissolution rate
- >99% of eudialyte concentrate
- Hafnium metal tpa
- 50-70 tons (first five years)
- Energy requirement
- up to 150 MW (60-70% gas, 30-40% electricity)
- Sio2 byproduct tpa
- 25670
- Hafnium chloride tpa
- 20-30 tons
- Product purity range
- 99.9-99.99%
- Sio2 byproduct revenue
- approximately US$600 million per year
- Base case margin per ton
- approximately US$9,000 before tax and capital recovery
- Revenue per ton potential
- up to approximately US$24,000
- Acid consumption reduction
- approximately 85%
- Projected refinery revenue
- approximately US$2,2 billion per year before operating costs, taxes and capital recovery (title: US$1.8-2.2b)
- Refinery feed capacity tpa
- 100000
- Ultra high purity products
- 19
- Rare earth metal products tpa
- 27943
- Silicate recovery system value
- US$400-600 million per year combined
- Concentrate transfer value per ton
- approximately US$4,000
AI analysis
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