Lithium One Announces Positive Preliminary Economic Assessment for the Sal De Vida Lithium and Potash Project

- October 5th, 2011

Lithium One Inc. (TSXV:LI) announced completion of a positive preliminary economic assessment for the Sal de Vida lithium and potash project at Salar del Hombre Muerto, Argentina.

Lithium One Inc. (TSXV:LI) announced completion of a positive preliminary economic assessment for the Sal de Vida lithium and potash project at Salar del Hombre Muerto, Argentina.

As quoted in the press release:

The PEA outlines an operation producing 25,000 tonnes pa lithium carbonate and 107,000 tonnes pa potash, with a 28% internal rate of return (“IRR”) and a US$1.066 billion net present value (“NPV”) at an 8% discount rate.

Lithium One CEO and Founding Director, Paul Matysek commented:

“The Sal de Vida lithium and potash operation outlined for this PEA is one of the highest value and lowest net cost lithium development projects yet announced. The high NPV, high net cash flows and very low unit cost for lithium carbonate production result from a lithium and potash bearing brine with good supporting chemistry occurring near surface with excellent conditions for evaporation. The contribution from potash is very significant, as the annual revenue from potash alone is projected to more than cover total operating expenses. Our results to date and this engineering study make a compelling case for expediting the development of the Sal de Vida Project.”

Click here to read the Lithium One (TSXV:LI) press release.

Click here to view the Lithium One (TSXV.LI) profile.

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