American Pacific Borate Limited is focused on advancing its 100% owned Fort Cady Borate Project located in Southern California, USA. The JORC compliant Mineral Resource Estimate comprises 13.93Mt of contained boric acid.
A DFS was completed in December 2018. In January 2019 the DFS was enhanced to include a low capex starter project with an estimated capex of only US$36.8m. This starter project delivers an EBITDA in the first year of operation of US$26.7m and preserves the pathway to an EBITDA of over US$340m in the first year of full production for the broader project.
Anthony Hall, Executive Director
Anthony is a qualified lawyer with 20 years´ commercial experience in venture capital, risk management, strategy and business development. He has acted as CEO of an ASX300 Mining Company and more recently has provided strategic consulting services to a variety of development stage mining projects globally.
Joe Burke, Head of Product Development and Partners
Joe was previously a senior manager of Hunnu Coal and engineered their successful $500m takeover. Joe was also the CEO of Voyager Resources (copper and gold in Mongolia and Brazil) and on the board of Avenue Resources (tin exploration in Brazil). He was also a founding Partner of Starboard Global, a natural resource PE group.
What is your rationale for attending 121 Mining Investment?
ABR is targeting the commencement of construction in the current Calendar Year and is looking to introduce the Company and its compelling Fort Cady Borate Project to potential investors.
What recent news would you like to highlight to investors attending?
ABR Signs Term Sheet for Fort Cady Borate Project Financing.
ABR Continues Discussions with Chinese SOEs.
ABR Continues to Progress its Fort Cady Borate Project.
What are your key goals for the next 3, 6 and 12 months?
Commencement of Construction.
Completion of final conditions precedent to enable drawdown of financing.
Completion of detailed engineering.
Positive progress on construction.
Plant commissioning and close to commencement of production.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Receiving the final operational permit.
Ongoing positive dialogue with referral authority.
What do you think makes your company such a compelling investment?
Low capex, high margin, low technical risk and multiple revenue streams.