Business
GAMP PFS Delivers Outstanding Economics
GAMP PFS Delivers Outstanding Economics.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n\n\n \n \n14 May 2025\n \nBeowulf Mining Plc\n \n(\"Beowulf\" or the \"Company\")\n \nGAMP PFS Delivers Outstanding Economics and Growth Potential\n \nBeowulf (AIM: BEM; Spotlight: BEO) and its wholly owned Finnish subsidiary Grafintec Oy (\"Grafintec\") are pleased to announce the successful completion of its Pre-Feasibility Study (\"PFS\") and receipt of the final PFS report, confirming the Graphite Anode Materials Plant's (\"GAMP\") potential as a low-cost, high-margin producer of anode material for the European lithium-ion battery sector. The project economics were released on 10 March 2025 (see full RNS at polaris.brighterir.com/public/beowulf_mining_plc/news/rns/story/w6o4n9w). Further, a video providing additional detail about the GAMP is available at https://beowulfmining.com/grafintec-technical-summary-presentation-april-2025/.\n \nGrafintec aims to become a leading independent producer of high-performance anode material, supporting the expanding lithium-ion battery industry across Europe. The Company remains in advanced discussions with several promising Finnish industrial areas to secure a long-term site for the plant. The site selection and agreement are planned to be completed in the coming months. Finland offers the ideal location for GAMP, with access to low-cost renewable energy, strong government and local support, a highly skilled workforce, and proximity to key European markets.\n \nGrafintec's phased development strategy is designed to establish a scalable, modular plant that will initially produce 25,000 tonnes of Coated Spherical Purified Graphite (\"CSPG\") annually, enough to supply approximately 357,000 electric vehicles (\"EVs\") per year. The company plans to scale up production to 75,000 tonnes per year in Phase 2, enabling the powering of over 1 million EVs annually. The economics from the initial Phase 1 development are extremely encouraging, with a post-tax Net Present Value using a discount rate of 8% (\"NPV8\") of €924 million and a post-tax IRR of 37% over 25 years. The initial capital cost of €225 million has a pay-back period of just 3 years from initial production, and the project generates €120 million in free cash flow (\"FCF\") and €150 million in EBITDA annually at full production. Longer term, the expansion to 75,000 tonnes per year brings substa...