Paulsens East Iron Ore, owned by Strike Resources, generates A $6.88-910 million in annual revenue for the company.

SMM: research shows that PaulsensEast Iron Mine, located in the Pilbara region of Australia, is expected to generate A $6.88-910 million in revenue each year over a four-year mining life span.

After putting into production, the material produces 1.5 million tons of iron ore a year at a cost of A $66 a tonne, with a net value estimated at A $8100-A $238 million and an internal rate of return of 263-649 per cent, according to the study.

The company's marketing director said the results of the summary study were exciting, which allowed the company to move forward with the feasibility study of the mine. "the report also shows that the development of the iron ore is profitable at current iron ore prices because of its high ore grade, relatively good infrastructure and relatively little capital investment."

There are signs that the mine could last longer than four years, he said. "if the necessary regulatory permits are obtained, the mine is expected to go into production in the third quarter of next year."

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