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CENTURY LITHIUM REPORTS UPDATED FEASIBILITY STUDY WITH AFTER-TAX NPV OF $4.01 BILLION AND OPERATING COSTS OF $4,389 PER TONNE OF LITHIUM CARBONATE FOR THE ANGEL ISLAND LITHIUM PROJECT, NEVADA
Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) ("Century Lithium" or "the Company") is pleased to announce the results of an updated National Instrument 43-101 ("NI 43-101") compliant Feasibility Study ("2026 Feasibility Study") for its 100%-owned Angel Island Lithium Project ("Angel Island") located in Esmeralda County, Nevada, USA.
About this update from Century Lithium Corp
[{"type":"text","content":"FEASIBILITY STUDY HIGHLIGHTS","length":28,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"After-tax NPV (using 8% discount rate) of $4.01 billion based on price assumptions of $24,000 per tonne ("/t") for lithium carbonate ("Li2CO3") and $750/dry metric tonne ("dmt") for Sodium Hydroxide ("NaOH")","length":247,"tagName":"p"}]},{"val":[{"type":"text","content":"After-tax internal rate of return ("IRR") of 27.4%","length":60,"tagName":"p"}]},{"val":[{"type":"text","content":"Integrated patent-pending processing flowsheet, incorporating hydrochloric acid leaching, Direct Lithium Extraction ("DLE"), chlor-alkali processing, and on-site production of battery-grade lithium carbonate, validated through four years of pilot plant operations in Nevada","length":283,"tagName":"p"}]},{"val":[{"type":"text","content":"Large, long-life U.S.-based lithium development project, with Proven and Probable Reserves supporting a mine life exceeding 60 years","length":132,"tagName":"p"}]},{"val":[{"type":"text","content":"Economic analysis based on a 40-year production schedule, with planned life-of-mine average production of approximately 26,500 tonnes per annum ("tpa") of battery-grade lithium carbonate","length":196,"tagName":"p"}]},{"val":[{"type":"text","content":"Initial Phase 1 throughput of 7,500 tonnes per day ("tpd"), expanding to 15,000 tpd in Year 5 (Phase 2)","length":113,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1031,"olType":false},{"type":"text","content":"Capital and Operating Costs","length":27,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Phase I capital cost of $997 million compared to $1.537 billion in the 2024 Study","length":81,"tagName":"p"}]},{"val":[{"type":"text","content":"Phase 2 expansion capital of $660 million compared to $651 million in the 2024 Study","length":84,"tagName":"p"}]},{"val":[{"type":"text","content":"Average operating cost of $22.45 per tonne of mill feed, equivalent to $4,389 per tonne of lithium carbonate, compared to $8,223 per tonne in the 2024 Study","length":156,"tagName":"p"}]},{"val":[{"type":"text","content":"Project revenues from surplus sodium hydroxide equivalent to $5,393/t of lithium carbonate produced. When treated as a co-product credit, th...