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Lithium Power International Ltd.
Summary
| Project: | Maricunga | |
|---|---|---|
| Deposit: | Maricunga | |
| Location: | Chile | |
| Commodities: | Lithium-Potassium | |
| Date: | 1/22/2019 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 22-1-2019: Lithium Power International Ltd. 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%, 20yr LOM at the project . Lithium Power International Limit | |
| Resources: | (Reserve, P+P): 742Kt LCE contained at the project | |
| CP/QP: | [Resources]: Murray Brooker (Flosolutions) | |
| ABSTRACT: | Lithium Power International Limited (ASX: LPI) (LPI or the Company) through its Joint Venture (JV) Company, Minera Salar Blanco S.A. (MSB), is pleased to provide details of the Definitive Feasibility Study (DFS), now completed, for its Maricunga lithium brine project in northern Chile. Access to the full DFS report prepared by WorleyParsons, is available on the LPI website http://lithiumpowerinternational.com/ Lithium Power International’s Chief Executive Officer, Cristobal Garcia-Huidobro, commented: “The Company is very pleased to advise of the successful completion of the Definitive Feasibility Study to internationalstandards, on its Maricunga lithium brine project, with highly experienced engineering company WorleyParsons. The strong economics detailed in the DFS confirms the project’s overall attractiveness as previously identified in the Preliminary Economic Assessment (PEA) study. The project, through its Joint Venture management company, Minera Salar Blanco S.A., is poised to advance to the next stages of development. Priorities will now shift to secure finance for the project and off-take agreements for the high purity lithium carbonate output.” Definitive Feasibility Study and Key Highlights The Definitive Feasibility Study (DFS) Reserve estimates of 742,000 tonnes of LCE (203,000 Proved - 539,000 Probable), supports the 20,000 tonnes per annum (t/a) projected for Maricunga throughout its 20 year mine life (Table 1). Resources have been updated to a total of 2,070,000 tonnes of LCE, now all are classified as Measured or Indicated (Table 2). Both Reserve and Resource estimates are prepared in accordance with JORC and NI 43-101 international reporting standards. | |
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