- Advancing integrated strategy to become the first lithium concentrates and chemical producer in
Ontario - Delivering Vertically Integrated Scoping Study in Q4 2023 incorporating a staged development of multiple mine and process hubs feeding a central lithium conversion facility
- Stage 1: Spodumene Concentrate production 2025: Eastern
Hub Seymour mine and Concentrator. Progressing towards a financial investment decision in 2024 to commence development at Seymour - Stage 2: Lithium Hydroxide Production 2028: Conversion Facility,
Thunder Bay . Downstream Strategy advanced and strategically positioned industrial land undergoing full due-diligence for potential conversion facility - Stage 3: Expansion 2029: Western Hub mine and Concentrator,
Root Bay .
- Stage 1: Spodumene Concentrate production 2025: Eastern
- Funding discussions progressing with Canadian Government
- Strategic Innovation Funding application lodged undergoing Canadian Federal Government assessment
$1.5B allocated to critical minerals projects
- Strategic partnering
- Discussions ongoing for evaluation of strategic partners on conversion
- Interest received from groups on consolidated strategy for funding and operational involvement
- Indigenous engagement remains a priority as we progress towards development of our key projects
- Integrated Preliminary Economic Assessment to include:
- Seymour, Root and Converter Projects, collectively the
Integrated Project - Combined project layout, flowsheet, design and development timelines
- Competitive project economics - capital and operating costs
- Favourable infrastructure, logistics and future growth opportunities
- Showcasing a complete Lithium supply chain, mine to chemical production for multiple decades
- Seymour, Root and Converter Projects, collectively the
- In parallel to development activities, GT1 will continue to invest in exploration and high-impact drilling campaigns to grow the resource base and extend the mine life across both hubs
"We're on a path to become
Our team has undertaken an extensive amount of work over the past 12 months to evaluate to advance GT1's integrated supply chain strategy ready for the eagerly anticipated Integrated Preliminary Economic Assessment (PEA) set for release this quarter. That we are confident will enhance shareholder and stakeholder value.
- GT1 Chief Executive Officer,
Full announcement available here: https://wcsecure.weblink.com.au/pdf/GT1/02711599.pdf
SOURCE
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