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Narra Karr gets economic, environmental makeover

A re-evaluation of TSX-listed Leading Edge Materials’ Norra Karr rare earth elements project in Sweden has delivered a preliminary economic assessment with an NPV almost 150% greater than estimated in a 2015 prefeasibility study. The PEA is based on an environmentally more sensitive operation designed to build the permitting case after an original application was blocked.

Narra Karr gets economic, environmental makeover Narra Karr gets economic, environmental makeover Narra Karr gets economic, environmental makeover Narra Karr gets economic, environmental makeover Narra Karr gets economic, environmental makeover

Graphical illustration of Norra Karr on-site openpit, waste rock facility and physical beneficiation plant in comparison to 2015 PFS infrastructure and tailings dam (in red) (Image: Leading Edge)

The study released this week predicted a post-tax NPV (10% discount) of US$762 million - an uplift of 143% compared to the $313 million from the PFS. The IRR was also materially improved at 26.