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Lithium Americas Corp.
Summary
| Project: | Cauchari-Olaroz | |
|---|---|---|
| Deposit: | Cauchari-Olaroz | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 9/30/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 30-9-2019: Lithium Americas Corp. announces a Feasibility Study report for its Cauchari-Olaroz deposit at the Cauchari-Olaroz project. Feasibility results incl. post-tax NPV(10%) of $1330M, updated resource and reserve. Vancouver, Canada: Lithium Americas | |
| Resources: | ||
| CP/QP: | [Overall Report]: Daniel Weber (Montgomery & Associates) | |
| ABSTRACT: | Vancouver, Canada: Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") is pleased to provide results of a 40,000 tonnes per annum (“tpa”) definitive feasibility study (“40,000 tpa DFS" or “DFS”) on the Caucharí-Olaroz lithium project ("Caucharí-Olaroz" or the “Project”) currently under construction in Jujuy Province, Argentina. Caucharí-Olaroz is 100% owned by Minera Exar S.A. (“Minera Exar”), a 50/50 joint venture between Lithium Americas and Ganfeng Lithium Co., Ltd. (“Ganfeng Lithium”). Lithium Americas and Ganfeng Lithium have authorized Minera Exar to proceed with the plan to produce 40,000 tpa of battery-quality lithium carbonate (“Li2CO3”) as outlined in the DFS. Unless otherwise stated, all figures are quoted in U.S. dollars ("$") and are reported on a 100% equity project basis. "With construction underway and funding in place, the results of the 40,000 tpa DFS further supports Caucharí-Olaroz as a scalable, high-purity source of lithium carbonate for battery material customers,” commented Jon Evans, President and CEO of Lithium Americas. “We are thankful for the hard work from the team at Minera Exar, the support from the government of Jujuy, and our 50/50 joint venture partner, Ganfeng Lithium, for their financial and technical contributions towards optimizing the process design and securing key equipment for the lithium carbonate plant.” "Minera Exar is committed to building Caucharí-Olaroz to be one of the most environmentally responsible lithium projects globally,” commented Gabriel Rubacha, CEO of Minera Exar. “The 40,000 tpa DFS represents the first of future potential long-term investments in Caucharí-Olaroz for the benefit of the local communities, employees and Jujuy Province.” | |
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