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Bearing Lithium Corp.
Summary
| Project: | Maricunga | |
|---|---|---|
| Deposit: | Maricunga | |
| Location: | Chile | |
| Commodities: | Lithium-Potassium | |
| Date: | 1/22/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 22-1-2019: Bearing Lithium Corp. announces a Feasibility Study report for its Maricunga deposit at the Maricunga project. DFS results incl. post-tax NPV of US $908M (8%), IRR of 21.0%, 22yr LOM at the project. This report was prepared by WorleyParsons (WP | |
| Resources: | (Reserve, P+P): 81Kt Li metal contained | |
| CP/QP: | [Resources]: Frederik Reidel (FloSolutions) | |
| ABSTRACT: | This report was prepared by WorleyParsons (WP) and FloSolutions for Minera Salar Blanco S.A. (“Minera Salar Blanco or MSB”) to provide a National Instrument 43-101 (“NI 43-101”) compliant Definitive Feasibility Study (“DFS”) of its Blanco Project located in Salar de Maricunga in the Atacama Region of northern Chile. This report provides an independent updated Mineral Resource estimate, a Mineral Reserve Estimate and an technical appraisal of the economic viability of the production of 20,000 TPY of lithium carbonate from the lithium contained on the property, under the guidelines of NI 43-101 and in conformity with its standards. The Report includes technical judgment of appropriate additional technical parameters to accommodate certain specific characteristics of minerals hosted in liquid brine as outlined in CIM Best Practice Guidelines for Resource and Reserve Estimation for Lithium Brines and as discussed by Houston (Houston et al, 2011). All items related to geology, hydrogeology, mineral resources and reserves were prepared by FloSolutions. Peter Ehren was responsible for preparing all technical items related to brine chemistry and mineral processing. Capital and Operating expenditures mentioned in this report were estimated by WP, relying on quotations requested from equipment, chemicals and other suppliers, as well as from its project data base. WP relied extensively on Minera Salar Blanco and its consultants as cited in the text of the study and the references, for information on future prices of lithium carbonate, legislation and tax in Chile, as well as for general project data and information. | |
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