Lithium

A National Instrument 43-101-compliant Technical Report dated December 22, 2011, effective as of November 8, 2011 entitled “NI 43-101 Technical Report Preliminary Economic Assessment Salar de Diablillos Project Salta, Argentina”, has been filed by Rodinia Lithium Inc. (TSXV:RM,OTCQX:RDNAF).

A National Instrument 43-101-compliant Technical Report dated December 22, 2011, effective as of November 8, 2011 entitled “NI 43-101 Technical Report Preliminary Economic Assessment Salar de Diablillos Project Salta, Argentina”, has been filed by Rodinia Lithium Inc. (TSXV:RM,OTCQX:RDNAF). The Report contains a comprehensive sub-surface to end gate breakdown of Rodinia’s Preliminary Economic Assessment on the 100% owned Salar de Diablillos lithium brine project in Salta Province, Argentina, the results of which were announced in a press release on November 7, 2011.

As quoted in the press release:

There are no material differences between the results announced in the press release dated November 7, 2011 and the final PEA.

The PEA outlines an operation producing 15,000 tonnes lithium carbonate (“LC”) per year and approximately 51,000 tonnes of KCl (“potash”) per year, projecting a 34% internal rate of return (“IRR”) pre-tax and a $561 million pre-tax net present value (“NPV”) at an 8% discount rate. The PEA also outline’s Rodinia’s available option to increase production to 25,000 tonnes LC and 85,000 tonnes potash per year. This increased production scenario generates a much higher pre-tax NPV estimate of $964 million, along with a pre-tax IRR of 36%.

Click here to read theRodinia Lithium Inc. (TSXV:RM,OTCQX:RDNAF) press release


Click here to see the Rodinia Lithium Inc. (TSXV:RM,OTCQX:RDNAF) profile.

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