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Plymouth Minerals Ltd.
Summary
| Project: | San Jose | |
|---|---|---|
| Deposit: | San Jose | |
| Location: | Spain | |
| Commodities: | Lithium-Tin | |
| Date: | 10/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-10-2017: Plymouth Minerals Ltd. announces a Scoping Study report for its San Jose deposit at the San Jose project. Scoping study returns results of IRR 28%, NPV (8%) US$401M, LOM 24.1yrs. Plymouth Minerals Limited (ASX: PLH) (Plymouth the Company) is p | |
| Resources: | (Resource, I+I): 92.3Mt @ 0.27% Li, 0.02% Sn at project | |
| CP/QP: | [Overall Report]: Adrian Byass (Internal) | |
| ABSTRACT: | Plymouth Minerals Limited (ASX: PLH) (Plymouth the Company) is pleased to advise it has completed a Scoping Study (the Scoping Study) on the development of the San Jose Lithium-Tin Project in the Extremadura region of Spain (the Project), which demonstrates the potential for a robust lithium development opportunity. The Scoping Study is underpinned by the extensive historical technical database that has been acquired by Plymouth, and the detailed technical work that has been completed by Plymouth and its consultants over the last 16 months. The Scoping Study confirms that the Project’s economic, financial and technical aspects are all robust, and highlights Plymouth’s potential to become a significant, long-life, high margin lithium carbonate (LC) producer located within the burgeoning European market. In light of these very positive findings, Plymouth will immediately move to conduct further optimisation studies, site investigations and test-work, all of which will form the basis for a Feasibility Study. Plymouth’s Managing Director Adrian Byass, commented; “This Scoping Study demonstrates that the San Jose Lithium-Tin Project has significant production scale, long mine life, high margins and further upside yet to be factored in through the potential to generate by-product credits which would further enhance the already very attractive economics at conservative sales price assumptions.” | |
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