Guardian Metal’s Pilot Mountain PFS Posts $660M NPV8 and 60% IRR
GMTL•Guardian Metal Resources’ Pilot Mountain PFS delivers an after-tax NPV8 of US$660 million with an IRR nearing 60%, projecting payback within one year. Under current tungsten prices, PFS metrics exceed US$1.3 billion NPV and 100% IRR, with over US$1 billion cumulative free cash flow.
1. PFS Financial Highlights
The Pre-Feasibility Study reports an after-tax NPV8 of US$660 million and an IRR approaching 60%, with capital recovery expected within roughly one year of production. Cumulative after-tax free cash flow over the life of the operation is projected to exceed US$1 billion under conservative price assumptions.
2. Upside at Current Market Prices
When evaluated using current tungsten prices, after-tax NPV rises above US$1.3 billion and IRR exceeds 100%, underscoring significant leverage to favorable commodity market conditions.
3. Planned Operations and Output
The development plan centers on a 4,000-tonne-per-day open-pit mine and processing facility designed to produce approximately 2,000 tonnes of tungsten trioxide concentrate annually.
4. Strategic Domestic Supply Role
Supported by the U.S. Department of Defense under the Defense Production Act Title III program, the Pilot Mountain project aims to establish a new domestic tungsten source and strengthen critical mineral supply chains for defense and advanced manufacturing.
