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International Lithium: PEA for the 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. - December 4, 2023) - International Lithium Corp. (T...
About this update from Ilc Critical Minerals Limited
[{"type":"text","content":"International Lithium: PEA for the Raleigh Lake Lithium Project Outlines Highly Favourable After-Tax NPV (Discounted at 8%) of CAD$342.9 million and After-Tax IRR of 44.3% P.A.Vancouver, British Columbia--(Newsfile Corp. - December 4, 2023) - International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the \"Company\" or \"ILC\") is pleased to announce a positive Preliminary Economic Assessment (\"PEA\") for a proposed lithium mining operation to produce spodumene concentrate at Raleigh Lake, 25 kilometres west of Ignace, Ontario. The PEA relies on recent metallurgical test work (Phase 1) which indicates that a spodumene concentrate containing 6% Li2O (\"SC6\") can be produced using a simple crushing circuit and heavy liquid separation techniques. In the Phase 1 tests lithium recoveries were above 81% while iron oxide content remained within acceptable limits. As originally foreshadowed, the very near proximity of Raleigh Lake to existing service infrastructure along the Trans-Canada Highway corridor affords significant logistical and economic advantages to the project.This PEA only considers spodumene concentrate, i.e. lithium, as a revenue source. The Company continues to investigate the potential value associated with the extraction of rubidium from the microcline zone within the spodumene deposit.PEA HighlightsEconomics (discounted at 8% p.a., CAD$)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 tonnes per year (\"tpy\")This LoM mine plan is proposed to mine 57 million tonnes (\"Mt\") of material over the mine life, which will be comprised of 4Mt of mill feed and 53Mt of waste with an average strip ratio of 13.2:1Life of mine is forecast at nine years; project duration is 11 yearsProcess PlantThe base case process plant is designed to cru...