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Infinity Lithium Corporation Ltd.
Summary
| Project: | San Jose | |
|---|---|---|
| Deposit: | San Jose | |
| Location: | Spain | |
| Commodities: | Lithium | |
| Date: | 8/22/2019 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-8-2019: Infinity Lithium Corporation Ltd. announces a Pre-Feasibility Study report for its San Jose deposit at the San Jose project. PFS results incl. pre-tax NPV (10%) of US$860M, IRR of 42.3%. Infinity Lithium Corporation Limited (ASX:INF, ‘Infinity’ | |
| Resources: | PFS results incl. pre-tax NPV (10%) of US$860M, IRR of 42.3% | |
| CP/QP: | [Overall Report]: Adrian Byass (Internal) | |
| ABSTRACT: | Infinity Lithium Corporation Limited (ASX:INF, ‘Infinity’ or ‘the Company’) is pleased to announce the completion of the Pre-Feasibility Study (‘PFS’) to produce lithium hydroxide at the integrated San José Lithium Project (‘San José’, or ‘the Project’), located in the Spanish region of Extremadura. The PFS outcomes confirm exceptional Project economics and offer several improvements including an extended production life and reduced social, environmental and visual impacts. The completion of the PFS provides robust support for ongoing discussions with key strategic partners in the delivery of essential battery grade lithium chemicals within Europe. The Company’s Managing Director, Ryan Parkin commented, “The PFS has confirmed San José as a long life, low cost Project that is essential to meet the European Commission’s goal to secure critical lithium chemicals that are imperative for the economic survival of their automotive industry. The value of the Project is significant with a pre-tax NPV10 of US$860m and an attractive IRR of 42% over an extended project life, which, when coupled with the potential support of major European institutions such as the European Investment Bank, provides confidence for the development of the flagship lithium chemicals Project within Europe. The Project presents the potential for exceptional multi-decade employment positions and tax revenues that are largely retained within the region of Extremadura, whilst also providing a world class beacon for complimentary activities in lithium-ion battery production and technologies in the region and throughout Spain. San José retains unique sustainability characteristics that further compliment Europe’s aggressive carbon emissions compliance requirements through the implementation of an environmentally advantageous process flowsheet and superior carbon emissions profile for European end markets.” | |
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