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Livingstone Presentation - Weatherly International PLC

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Tschudi project<br />

Summary of feasibility results – Financial<br />

Initial capital $N693m (~US$81m)<br />

Lif Life of f mine i capital it l $N941 $N941m ( (~US$109m) US$109 )<br />

Life of mine cash cost (C1)<br />

After tax NPV (8%) – Consensus<br />

US$4,267/t Cu (US$1.94/lb)<br />

Case1 $N915m (~US$105m)<br />

After tax IRR - Consensus Case1 32.1%<br />

Payback from start of production 2.43 yrs<br />

After tax NPV (8%) - Alternative Case2 $N2,055m (US$238m)<br />

After Tax IRR Alternative Case2 After Tax IRR - Alternative Case 50 8%<br />

2 50.8%<br />

Payback from start of production 1.98 yrs<br />

1 Consensus Case – uses industry consensus forecasts for exchange rates and copper prices.<br />

2 Alternative Case – uses exchange rates and copper price as at December 2012.<br />

WEATHERLY INTERNATIONAL <strong>PLC</strong> – JANUARY 2013 11

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