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Shefa Yamim encouraged by economics of its Kishon Mid-Reach Zone 1

Shefa Yamim (ATM) Ltd's (LON:SEFA) James Campbell caught up with Proactive London's Andrew Scott following the publication of a Technical Economic Evaluation on the Kishon Mid-Reach project.

The study found that a mine at Zone 1 could potentially process 1.5mln tonnes of gravel over an 11-year mine life with an estimated operating cost budget of US$26 per tonne.

The capital expenditure for its development using new equipment has been estimated at US$11.3mln, however if contract mining was undertaken that figure would come down to US$7.5mln.

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