HIGHLIGHTS
Mining Lease granted over proposed Seymour mine construction area for a term of 21 years- Combined mine and concentrator development delivers NPV
$1,189M CAD (USD$894M ) - Excellent economics confirmed in the PEA for both project development options with the potential to become the first lithium concentrates and chemical producer in Ontario
- PEA considers two development options:
-Mine and concentrator development (Seymour and Root) producing saleable SC5.5 concentrates, and
-Integrated project with construction of a converter to produce battery grade Lithium hydroxide from Seymour, Root and other spodumene concentrates
Combined Seymour & Root Mine and Spodumene Concentrators
-Combined open pit mining strategies culminating in 15 years of mine production, with phased capex for two mines and concentrators.
-LOM average concentrate production of 207ktpa at 5.5% Li20
-Initial start-up capex of CAD
-Second phase capex of CAD
-Overall contingency included CAD
-After-tax NPV of CAD
-Initial Capex to NPV ratio 5.5:1
-25% offtake committed from Seymour to LGES for first 5 years of production
Integrated Lithium Project – Mine, Concentrators & Chemical Conversion Facility
-Mine concentrator development feeding SC5.5% to conversion facility located in
-Average Lithium Hydroxide Monohydrate production of 24,400tpa
-Start-up capex of CAD
-Contingency included CAD
-After-tax NPV of CAD
"We are pleased to deliver our PEA which initially includes the Mines and Concentrators in North-
The second part of the PEA includes the conversion of Lithium concentrates to Lithium chemicals which are currently unavailable in
The success of GT1's Strategy includes collaboration between
To view the full announcement: https://wcsecure.weblink.com.au/pdf/GT1/02751177.pdf
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