Canada Lithium Updates Feasibility Study, Increases Estimated Project Economics Significantly

Resource Investing News

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 Li₂CO₃revenue	$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 Li₂CO₃revenue 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