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LSC Lithium Corp.
Summary
| Project: | Pastos Grandes | |
|---|---|---|
| Deposit: | Pastos Grandes | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 12/4/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-12-2018: LSC Lithium Corp. announces a PEA report for its Pastos Grandes deposit at the Pastos Grandes project. PEA results incl. post-tax NPV of US $762M (8%), IRR of 30%, 20yr LOM at the projecT. TORONTO, ONTARIO – December 4, 2018 – LSC Lithium Corpo | |
| Resources: | (Resource, M+I): 7861.55Mm3 @ 464mg/l Li | |
| CP/QP: | [Overall Report]: Donald H. Hains, Lawrence Henchel (Hains Engineering Company Ltd.;Stantec International LLC) | |
| ABSTRACT: | TORONTO, ONTARIO – December 4, 2018 – LSC Lithium Corporation (“LSC” or together with its subsidiaries, the “Company”) (TSXV:LSC) is pleased to announce that it has completed the Preliminary Economic Assessment (“PEA”) for its Pozuelos-Pastos Grandes (“PPG”) Project. LSC’s President and CEO, Ian Stalker, noted, “These results support our view that PPG is one of the most advanced and economically viable lithium projects in Argentina. Operating costs are in the lowest quartile globally, the capital requirements are manageable, and we are excited by the large resource, which leaves room for future upsizing. “This important development milestone will be further supported by the Environmental Impact Statement which we intend to submit to the Salta mining secretary before the end of the year. We look forward to 2019, when further pilot testing and geotechnical work at the project will support further data for a full Feasibility Study.” The PEA is based upon brine grades across LSC’s Measured, Indicated and Inferred Mineral Resources only. Mineral Resources that are not mineral reserves do not have demonstrated economic viability. There is no certainty that the PPG Project envisioned by the PEA will be realized. The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. | |
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