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A new feasibility study for Lithium Ionic’s Bandeira project in eastern Brazil outlines an operation with a post-tax net present value more than four times higher than its initial capital costs.
“If Lithium Ionic is to maintain project development timelines, near-term funding will need to be secured,” she said. ” The release of the feasibility study could be a trigger to finalize a strategic partner given increased certainty around key project parameters. This agreement is likely to come with incremental funds to fund construction .”
“While we are very pleased with the results of the study, the company intends to move project engineering forward to the basic engineering phase where a value-add process will take place to further optimize and streamline capital and operating costs.”The economics of the study stand in contrast to low lithium spodumene spot prices, which have been in a slump since they fell from $4,525 per tonne last May to $1,100 last December, according to FastMarkets. They’re currently at $975 per tonne.
The feasibility study comes about seven weeks after the company released an updated resource estimate for Bandeira, which gave the project 23.7 million measured and indicated tonnes grading 1.34% LiO, for 617,000 tonnes of LCE. The updated estimate was based on 50,760 metres of drilling across 233 holes between April 2022 and March 2024.
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