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Canada Lithium Updates Feasibility Study, Increases Estimated Project Economics Significantly
Oct. 11, 2012 10:56AM PST
Battery MetalsCanada Lithium (TSX:CLQ) reported the results of an updated feasibility study for its Quebec Lithium mine and lithium carbonate processing facility that is currently under construction in Val d’Or.
Canada Lithium (TSX:CLQ) reported the results of an updated feasibility study for its Quebec Lithium mine and lithium carbonate processing facility that is currently under construction in Val d’Or.
As quoted in the press release:
| Updated Feasibility | Previous Feasibility* | |
| NPV (pre-tax; 8% discount) at flat $5,875/t Li2CO3 revenue | $318M | $190M |
| NPV (pre-tax; 8% discount) based on Roskill market study | $456M | N/A |
| Initial Construction Capital Cost | $207M | $207M |
| LiOH and Na2SO4 Capital Cost | $20M | N/A |
| Avg. Opex ($/t Li2CO3 inclusive LiOH and Na2SO4 Opex) | $3,194 | N/A |
| Avg. Opex ($/t Li2CO3 net of LiOH and Na2SO4 credits) | $2,328 | $3,164 |
| Avg. annual EBITDA with co-products | $77M | $55M |
| IRR flat $5,875/t Li2CO3 revenue vs. Roskill market study (%) | 32 vs. 37 | 22 |
| Simple Payback (years) | <4 | 4 |
| Avg. Annual Li2CO3 production | 20,000t | 20,000t |
| Avg. Annual LiOH production (2015) | 2,000t | N/A |
| Avg. Annual Na2SO4 production (2015) | 30,000t | N/A |
Click here to view the full press release.