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Grounded Lithium Files Preliminary Economic Assessment Report for the Kindersley Lithium Project - Phase 1
Grounded Lithium Files Preliminary Economic Assessment Report for the Kindersley Lithium Project ...
About this update from Grounded Lithium Corp
[{"type":"text","content":"\n \n \n \n Grounded Lithium Files Preliminary Economic Assessment Report for the Kindersley Lithium Project - Phase 1\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n CALGARY, AB\n \n ,\n \n Aug. 10, 2023\n \n /CNW/ - (TSXV: GRD) (OTCQB: GRDAF) - Grounded Lithium Corp. (\"\n \n GLC\n \n \" or the \"\n \n Company\"\n \n ) is pleased to announce the filing of our preliminary economic assessment titled \"\n \n NI 43-101 Technical Report: Preliminary Economic Assessment Kindersley Lithium Project – Phase 1\n \n \" dated\n \n August 9, 2023\n \n and effective as of\n \n June 30\n \n , 2023 (the \"\n \n PEA\n \n \"), further to our news release dated\n \n July 26, 2023\n \n . The PEA addresses only the first phase of 11,000 tonnes per year of battery-grade lithium hydroxide monohydrate (\"\n \n LHM\n \n \") production from the Kindersley Lithium Project (\"\n \n KLP\n \n \"). The PEA is available on\n \n www.sedarplus.com\n \n and on the Company's website at\n \n www.groundedlithium.com\n \n .  A new corporate presentation detailing the PEA results is also available on our website.\n \n \n \n \n \n \n \n \n \n The PEA independently assessed the economics of the KLP-Phase 1 based on a\n \n US$25,000\n \n realized sales price per tonne of LHM, the results of which include:\n \n \n \n After-tax net present value (\"\n \n NPV\n \n \") of\n \n US$1.0 billion\n \n using an 8% discount rate and a capital investment of\n \n US$335 million\n \n , implying an after-tax profitability index (\"\n \n PI\n \n \") of nearly 4X. A PI of nearly 4X suggests a highly accretive project with torque to the upside if current spot prices for battery grade lithium material were modeled;\n \n \n After-tax internal rate of return (\"\n \n IRR\n \n \") of 48.5%;\n \n \n Economic resiliency under a range of key project variables such as price, capital intensity and operating costs.  For example, 20% variation in price from\n \n US$25,000\n \n /tonne LHM to either\n \n US$20,000\n \n /tonne or\n \n US$30,000\n \n /tonne of LHM generate...