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International Lithium Announces Positive Preliminary Economic Assessment Results for the Mariana Lithium Brine Project, Salta, Argentina
Vancouver, British Columbia--(Newsfile Corp. - December 6, 2018) - International Lithium Corp....
About this update from Ilc Critical Minerals Limited
[{"type":"text","content":"International Lithium Announces Positive Preliminary Economic Assessment Results for the Mariana Lithium Brine Project, Salta, ArgentinaVancouver, British Columbia--(Newsfile Corp. - December 6, 2018) - International Lithium Corp. (TSXV: ILC) (the \"Company\" or \"ILC\") is pleased to announce the results of a Preliminary Economic Assessment (\"PEA\") for the Mariana Lithium Brine Project located in the province of Salta, Argentina.PEA Highlights:25-year mine life producing 10,000 tonnes per year (\"TPY\") Lithium Carbonate Equivalent (\"LCE\") plus 84,000 TPY Sulphate of Potash (\"SOP\").The estimated CAPEX and OPEX are for a conventional brine extraction facility, solar evaporation ponds and SOP processing with a level of accuracy of -30/+50%.CAPEX estimated at US $243 million for 25-year mine life.NPV = US $192 million after-tax at 10% discount rate, IRR = 20% post-tax.Project results remain positive, even with important negative variations on the driver variables, indicating project strength and resilience; thus, the PEA study indicates Mariana's proposed 10,000 TPY LCE concentrated brine and 84,000 TPY SOP fertilizer operation has the potential to generate strong economic returns.The PEA was prepared by Advisian (\"Advisian\"), a division of the WorleyParsons Group, for Mariana Lithium Corp. to provide a PEA of its Mariana Lithium Brine Project in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\"). The PEA technical report assesses the potential economic viability of developing the 14 exploration licenses (Minas), that cover the Salar de Llullaillaco (the Salar) and surrounding area (23,560 hectares), for the purpose of extraction of lithium brine resources and processing of two products - Lithium Carbonate Equivalent and Sulphate of Potash. All figures are quoted in US dollars. It should be noted that the Company did not play any significant part in the production of the PEA report, and that the conclusions are therefore those of the consultants.Cautionary Note:The preliminary economic assessment (PEA) is preliminary in nature, and it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the prel...