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International Lithium Files PEA Technical Report for Raleigh Lake Lithium Project - Outlines Highly Favourable After-Tax NPV (discounted at 8%) of CAD$342.9 million and After-Tax IRR of 44.3% p.a.
Vancouver, British Columbia--(Newsfile Corp. - January 18, 2024) - International Lithium Corp. (T...
About this update from Ilc Critical Minerals Limited
[{"type":"text","content":"International Lithium Files PEA Technical Report for Raleigh Lake Lithium Project - Outlines Highly Favourable After-Tax NPV (discounted at 8%) of CAD$342.9 million and After-Tax IRR of 44.3% p.a.Vancouver, British Columbia--(Newsfile Corp. - January 18, 2024) - International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the \"Company\" or \"ILC\") is pleased to announce the National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI43-101\") technical report (\"The Report\") for the Preliminary Economic Assessment (\"PEA\") for a proposed lithium mining operation to produce spodumene concentrate at Raleigh Lake, is now filed on SEDAR+.Further to the Company's news release dated December 4, 2023, the Raleigh Lake Project, located 25 kilometres west of Ignace, Ontario has demonstrated a highly favourable economic scenario based on the production of a spodumene concentrate containing 6% Li2O (\"SC6\").The PEA relies on recent metallurgical test work (Phase 1) which indicates that SC6 can be produced using a simple crushing circuit and heavy liquid separation techniques. In the Phase 1 tests lithium recoveries were above 81% while iron oxide content remained within acceptable limits. As originally foreshadowed, the very near proximity of Raleigh Lake to existing service infrastructure along the Trans-Canada Highway corridor affords significant logistical and economic advantages to the project.This PEA only considers spodumene concentrate, i.e. lithium, as a revenue source. The Company continues to investigate the potential value associated with the extraction of rubidium from the microcline zone within the spodumene deposit.PEA HighlightsEconomics (discounted at 8% p.a., CAD$)Pre-tax Cashflow = CAD$709.4 million, NPV = CAD$385.1 million, IRR = 46.5% p.a.After-tax Cashflow = CAD$634.0 million, NPV = CAD$342.9 million, IRR = 44.3% p.a.Price assumptions: CAD$3,139/tonne for 6% Li2O concentrate (USD$2,325/tonne)CAPEX/OPEXTotal pre-production capital costs: CAD$111.9 millionTotal sustaining capital: CAD$17.5 millionTotal life of mine (\"LoM\") operating costs: CAD$381 million (including concentrate transport)Average operating costs: CAD$94.38/tonne milled, CAD$993/tonne SC6Mining MethodTraditional open pit drilling and blasting followed by load and haulThe plant feed production rate is proposed to be 540,000 t...