Hosted in the mining friendly Catamarca Province, the largest and oldest Lithium producing province in Argentina.
Located at 4000 meters above the sea level, 30kms from the Chilean border, with direct road access to pacific ports by highway and to Atlantic ports through highways and railroad.
The closest population centre to the Project is the town of Fiambalá, Argentina (population 5,000), located 100 km east of the Project.
Large throughput and/or mine life expansion capabilities: 32% or resources used.
The resources go down to over 647 m depth in most of the deposit but reserves only go down to the upper aquifer in the shallow 100 metres depth.
Plenty of upside to increase reserves on the large, inferred resource at depth.
Northern High-grade zone allows to start production at higher grade with smaller ponds (lower Capex) and move south to lower grade over time.
|Average Li concentration (mg/l)||Li metal (tonnes)||LCE (tonnes)||M&I Resources (%)|
In May 2019 GHD Chile and Groundwater insight Canada completed a 43-101 Independent Technical Report and Prefeasibility Study The report provides a comprehensive assessment of geological, technical, engineering, operational, logistics and the economic analysis of the 3Q Project The economic analysis is based on average lithium carbonate pricing over the life of mine is ~US$11,882/t Results Show very low capital intensity of < US$16,000/t of installed capacity
|PFS Highlights and Results|
|After-Tax Net Present Value ("NPV") @ 8% Discount Rate||$1,144 million|
|After-Tax Internal Rate of Return ("IRR")||49,9%|
|Initial Capital Expendidures||$319 million|
|Cash Operating Costs (per tonne of LCE)||$2,914|
|Steady-state Annual Production (lithium carbonate)||20,000|
|Mine Life||35 years|
|Average annual EBITDA*||$167 million|
|Payback Period (from commencement of production)||1 year 8 month|
*EBITDA is a non-IFRS earnings measure which does not have any standardized meaning prescribed by IFRS and therefore may not be comparable to EBITDA presented by other companies. EBITDA represents earnings before interest expense, income taxes, depreciation and amortization. Investors are cautioned that this non-IFRS financial measure should not be construed as an alternative to other measures of financial performance calculated in accordance with IFRS.
Mining Property for 99 years granted over a total of 350km
Tax Stability for 30 years granted by the federal Government
Income Tax at 25% – with royalty payment to government at 3%
Surface Easement granted for mine construction by mining authorities
Access Easement granted by mining authorities
Environmental Permit granted for Exploration, Mining and Pilot plant and Pilot Ponds Development
Final Environmental permit for construction presented to the government, in process of approval
Agreement in place with local municipality to build plant in Fiambalá on government Land near town