Business
Exceptional Lithium Scoping Study Update Ghana
Exceptional Lithium Scoping Study Update Ghana.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \n \n \n RNS Number : 8028U\n Atlantic Lithium Limited\n 07 December 2021\n \n \n \n \n \n \n \n 7 December 2021\n \n \n \n \n \n scoping Study UPDATE YIELDS SIGNIFICANT UPSIDE\n \n \n Ewoyaa Lithium Project 11 Year Mine Life \n \n \n \n Post-Tax NPV Increases to US$789m\n \n \n \n \n Scoping Study Update Confirms Ewoyaa Lithium Project is an Industry-leading Asset\n \n \n \n \n \n Atlantic Lithium Limited \n (AIM: ALL, OTC: ALLIF, \"Atlantic Lithium\" or the \"Company\"),\n the African focussed lithium exploration and development company, is pleased to announce an updated \n Scoping Study \n (the \"Study Update\") \n on \n the Ewoyaa Lithium Project (\"Ewoyaa\" or the \"Project\") in Ghana, West Africa, reaffirming it is an industry-leading asset. The Scoping Study Update incorporates the increased JORC resource of 21.3Mt, resulting in a significant improvement in project economics and life of mine.\n \n \n \n \n \n Figures and Tables referred to in this release can be viewed in the PDF version available via this link:\n \n \n http://www.rns-pdf.londonstockexchange.com/rns/8028U_1-2021-12-7.pdf\n \n \n \n HIGHLIGHTS:\n \n \n Ø \n \n Scoping Study Update retains business case for 2 million tonnes per annum (\"Mtpa\") production operation with life of mine (\"LOM\") revenues exceeding US$3.43bn.\n \n \n \n Ø \n \n Study Update increases Project's LOM operations to over 11 years, producing an average 300,000tpa of 6% Li2O spodumene concentrate.\n \n \n \n Ø \n \n In addition to spodumene production, the Study Update incorporates two additional revenue streams:\n \n \n \n o \n \n A saleable direct shipping ore (\"DSO\") Fines product \n \n \n \n o \n \n A saleable Feldspar by-product\n \n \n \n Ø \n \n Study Update delivers exceptional financial outcomes:\n \n \n \n o \n \n LOM revenues exceeding US$3.43bn, Post-tax NPV8 of US$789m, IRR of 194% over 11.4 years\n \n \n \n o \n \n US$70m capital cost with industry-leading payback period of <1 year\n \n \n \n o \n \n C1 cash operating costs of US$249 per tonne of 6% lithium spodumene concentrate Free on Board (\"FOB\") Ghana Port, after by-product credits\n \n \n \n o \n \n Pre-tax NPV8 of US$1.23bn and EBITDA of US$2.02bn for LOM\n \n \n \n o \n \n Average EBITDA of US$178m per annum \n \n \n \n ...