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Lithium Power International Ltd.
Summary
| Project: | Maricunga | |
|---|---|---|
| Deposit: | Maricunga | |
| Location: | Chile | |
| Commodities: | Lithium-Potassium | |
| Date: | 12/19/2017 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 19-12-2017: Lithium Power International Ltd. announces a Scoping Study report for its Maricunga deposit at the Maricunga project. JV - Scoping study results incl. pre-tax NPV(8%) of $1.049B, IRR of 23.4%. thium Power International Limited (ASX: LPI) (“LPI | |
| Resources: | (Resource, Total): 5.13km3 aquifer @79g/m3 Li, 577g/m3 K at project | |
| CP/QP: | [Overall Report]: Marek Dworzanowski (WorleyParsons) | |
| ABSTRACT: | thium Power International Limited (ASX: LPI) (“LPI” or “the Company”) is pleased to provide details of the Preliminary Economic Assessment(PEA) forits Maricunga lithium brine project in northern Chile by the Maricunga joint venture company, Minera Salar Blanco (MSB). Lithium Power International’s Chief Executive Officer, Martin Holland, commented: “Release of the PEA is a very important step towards becoming a lithium producer. The study demonstrates a very positive and robust outcome that justifies completion of a full feasibility study. The operating expenditure estimate places Maricunga in the lower quartile on the cost curve, at US$2,938/t (excluding KCl). The project has a payback of less than three years. It’s important to state that the high level of detail in this study meets international standards.” Executive Summary and Key Study Parameters The project plan is to produce 20,000t/a of lithium carbonate (LCE), with production of 74,000t/a of potassium chloride (KCl) from year 3 of the project when potash salts have accumulated to a level where continuous processing can be carried out. Key operating and capital costs are summarised in Tables 1 to 3. The study was based on extraction of an average 222 litres per second (l/s) of brine throughout the project life of 20 years. The brine commences approximately 10cm below the salt lake surface and extends below the base of the proposed bore field at 200m below the surface. Brine will be extracted from a minimum of 13 individual wells, pumping via a central collection pond to the evaporation ponds. In the evaporation ponds, the brine would be concentrated through evaporation and chemical saturation, with precipitation of different salts, such as halite, sylvinite and carnallite. | |
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