SWANSON TANTALITE PROJECT
Swanson Tantalum Mining Project
The Swanson Tantalum Mining Project is positioned to anchor Arcadia’s core value proposition as a diversified explorer, with the potential to deliver early cash flows once in production. Recent increases in Tantalum Pentoxide concentrate prices, together with the Project’s 2023 DFS financial metrics demonstrating strong revenue sensitivity, indicate a materially shorter payback period, higher NPV, robust IRR and significant free cash generation under current market conditions.
These favourable pricing conditions are expected to persist, driven by structural changes in the global Tantalum market — including the reduction of conflict‑linked supply and rising demand from AI‑driven data centre growth. As a result, the Project is anticipated to enhance shareholder value while providing internally generated capital to support Arcadia’s broader exploration portfolio, without reliance on additional shareholder funding.
The Swanson Mining Project features a low‑capex, simplified gravimetric processing flowsheet that has been extensively developed to deliver high recoveries and strong early cash flows. Fully permitted and construction‑ready, the Project is positioned for rapid development once capital is secured.
Arcadia is actively progressing discussions with Development Finance Institutions and strategic industry partners to secure expansion capital and establish a definitive pathway to production. This includes engagement with the EU’s Global Gateway for Raw Materials Initiative, as well as potential joint‑venture opportunities with sector participants.
To access the 2023 Definitive Feasibility Study (DFS), click here.
Note that the DFS relates to an analysis conducted in 2023, and investors should not rely on it to be a representation of currently applicable financial metrics. The Company confirms that operational and capital costs in relation to the 2023 DFS have not been updated and may have changed, accordingly the Company will prepare a new DFS if required.