International Lithium Corp. (TSXV: ILC | OTC: ILHMF) recently released the results of its Preliminary Economic Assessment (PEA) for the Raleigh Lake Lithium Project located in Canada. The PEA outlines a highly favourable after-tax Net Present Value (NPV) of CAD$342.9 million and After-Tax Internal Rate of Return (IRR) of 44.3% per year.
The Raleigh Lake Lithium Project covers an area of 2 154 hectares and has the potential to become a low-cost producer of battery-grade lithium chemical products, targeting both the growing North American and global markets.
The PEA was completed by consultants TetraTech Canada Inc. (TetraTech) with assistance from International Lithium and its joint venture partner Ganfeng Lithium Co., Ltd. (Ganfeng). A total of CAD$25.3 million in capital was estimated for the construction of the mine, including a 10,000 tpa spodumene concentrator, a 50,000 tpa lithium hydroxide processing plant and other associated infrastructure.
The study assumed a life of mine (LOM) of 34 years with a yearly production of 10,610 tpa of 5.4% (spodumene) concentrate as the main product, as well as 1,000 tpa of lithium hydroxide. The average operating cost during the life of the mine is estimated at CAD$541/t of 5.4% (spodumene) concentrate, the fourth lowest production cost in the world.
The PEA also included a sensitivity analysis to demonstrate the robustness of the results and to evaluate potential outcomes under various economic and technical scenarios. The sensitivity analysis showed that the after-tax NPV of the project ranges between CAD$113.1 million and CAD$464.3 million, with an after-tax IRR of 22.3% to 50.3% respectively.
International Lithium President Kirill Klip, commented: “The Raleigh Lake Lithium Project is one of the most attractive lithium projects in the world based on its high quality, low -cost economics and long life. The PEA demonstrates that the project has excellent financial potential and a return expected to exceed that of the industry average. We are confident that International Lithium, together with our partner Ganfeng, will be able to develop this project, and create value for stakeholders.”
Overall, the PEA results demonstrate the potential of the Raleigh Lake Lithium Project to become a very profitable mining venture. The project is being developed in partnership by International Lithium and Ganfeng, which provides additional assurance that the mine will be well managed and that the return on investment (ROI) will be high. These favorable results are very encouraging for both companies and their stakeholders.
International Lithium Corp. (TSXV: ILC | OTC: ILHMF) recently released the results of its Preliminary Economic Assessment (PEA) for the Raleigh Lake Lithium Project located in Canada. The PEA outlines a highly favourable after-tax Net Present Value (NPV) of CAD$342.9 million and After-Tax Internal Rate of Return (IRR) of 44.3% per year.
The Raleigh Lake Lithium Project covers an area of 2 154 hectares and has the potential to become a low-cost producer of battery-grade lithium chemical products, targeting both the growing North American and global markets.
The PEA was completed by consultants TetraTech Canada Inc. (TetraTech) with assistance from International Lithium and its joint venture partner Ganfeng Lithium Co., Ltd. (Ganfeng). A total of CAD$25.3 million in capital was estimated for the construction of the mine, including a 10,000 tpa spodumene concentrator, a 50,000 tpa lithium hydroxide processing plant and other associated infrastructure.
The study assumed a life of mine (LOM) of 34 years with a yearly production of 10,610 tpa of 5.4% (spodumene) concentrate as the main product, as well as 1,000 tpa of lithium hydroxide. The average operating cost during the life of the mine is estimated at CAD$541/t of 5.4% (spodumene) concentrate, the fourth lowest production cost in the world.
The PEA also included a sensitivity analysis to demonstrate the robustness of the results and to evaluate potential outcomes under various economic and technical scenarios. The sensitivity analysis showed that the after-tax NPV of the project ranges between CAD$113.1 million and CAD$464.3 million, with an after-tax IRR of 22.3% to 50.3% respectively.
International Lithium President Kirill Klip, commented: “The Raleigh Lake Lithium Project is one of the most attractive lithium projects in the world based on its high quality, low -cost economics and long life. The PEA demonstrates that the project has excellent financial potential and a return expected to exceed that of the industry average. We are confident that International Lithium, together with our partner Ganfeng, will be able to develop this project, and create value for stakeholders.”
Overall, the PEA results demonstrate the potential of the Raleigh Lake Lithium Project to become a very profitable mining venture. The project is being developed in partnership by International Lithium and Ganfeng, which provides additional assurance that the mine will be well managed and that the return on investment (ROI) will be high. These favorable results are very encouraging for both companies and their stakeholders.
