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Sigma Lithium Resources Corp.
Summary
| Project: | Grota do Cirilo | |
|---|---|---|
| Deposit: | Grota do Cirilo | |
| Location: | Brazil | |
| Commodities: | Lithium | |
| Date: | 10/1/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-10-2019: Sigma Lithium Resources Corp. announces a Feasibility Study report for its Grota do Cirilo deposit at the Grota do Cirilo project. Feasibility study results incl. post-tax NPV(8%) of $249M, IRR of 43.2%. VANCOUVER, British Columbia, Oct. 01, 20 | |
| Resources: | (Reserve, P+P): 13.79Mt @ 1.46% Li2O at Xuxa | |
| CP/QP: | [Overall Report]: Porfirio Cabaleiro Rodriguez (GE21 Consultoria Mineral) | |
| ABSTRACT: | VANCOUVER, British Columbia, Oct. 01, 2019 -- Sigma Lithium Corporation´s (the “Company” or “Sigma”) (TSX-V: SGMA) (OTCQB: SGMLF) is pleased to announce the positive results of the independent Feasibility Study (“FS”) prepared for the Xuxa deposit (“Xuxa”) with the initial development of a 1.5 million tonnes per annum (“Mtpa”) open-pit mine and lithium concentrator (“Xuxa Plant”) at Sigma’s 100% owned Grota do Cirilo Project (“Sigma Project”) located in the Vale do Jequitinhonha, State of Minas Gerais, Brazil. The FS for the Xuxa Mine and Xuxa Plant envisages a 1.5 Mtpa spodumene ore mining and lithium concentrate processing operation. Building the Xuxa Mine and Xuxa Plant constitutes a low-risk execution strategy for the Company. The economics are highlighted by high operating margins generated over an estimated 9.2 years of mine life: life-of-mine (LOM) net revenue of US$ 1.4 billion and LOM EBITDA of US$ 690 million. The FS is only based only on the current open-pit mining plan without contemplating an underground mine plan. | |
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