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Lithium Chile Delivers Positive Preliminary Economic Assessment for the Arizaro Project in Argentina
(TheNewswire) CALGARY, ALBERTA – TheNewswire - August 8, 202...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile Delivers Positive Preliminary Economic Assessment for the Arizaro Project in Argentina\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n CALGARY, ALBERTA –\n \n \n TheNewswire -\n \n \n August 8, 2023\n–\n \n \n Lithium Chile Inc.\n \n \n (\n \n \n TSXV:LITH\n \n \n ) (\n \n \n OTC:LTMCF\n \n \n )\n \n \n (“\n \n \n Lithium Chile\n \n \n ” or\nthe “\n \n \n Company\n \n \n ”) is pleased to report the results of its Preliminary\nEconomic Assessment (“\n \n \n PEA\n \n \n ”) for the production of lithium\ncarbonate from its Salar de Arizaro lithium brine project in the Salta\nProvince of Argentina (“\n \n \n Arizaro\n \n \n ”). The PEA provides an independent\neconomic assessment of the potential of Arizaro, based upon the\nlithium resources outlined in the July 2023 Resource Estimate.\n \n \n \n \n ARIZARO PEA HIGHLIGHTS:\n \n \n \n \n \n \n Pre-tax Net Present Value\n(“NPV”)\n \n \n US$1.8 billion\n \n \n \n \n \n \n LOM Average Li\n \n \n CO\n \n \n price\n \n \n of $21.396 per tonne\n \n \n \n \n \n \n After-tax NPV\n \n \n $1.1 billion\n \n \n \n \n \n \n Pre-tax Internal Rate of Return\n(“IRR”)\n \n \n of 29.3%\n \n \n \n \n \n \n After-tax IRR\n \n \n of 24.1%\n \n \n \n \n \n \n PEA mine and processing plant\nproduces\n \n \n 25,000\n \n \n LCE LOM over 19.1 years.\n \n \n \n \n \n \n Pre-tax initial capital payback\nperiod\n \n \n 3.5 years;\n \n \n after-tax payback\n \n \n 3.6 years\n \n \n \n \n \n \n Average LOM annual pre-tax cash flow\nover operating period:\n \n \n $329 million;\n \n \n annual after-tax cash flow:\n \n \n $229 million.\n \n \n \n \n \n \n Initial Capital Costs\n(“Capex”)\n \n \n estimated at $823\nmillion.\n \n \n \n \n \n \n Operating cost (“Opex”) estimated\nat $5,197/t LCE.\n \n \n \n \n \n \n The PEA was completed by Ausenco Chile Limitada\n(“\n \n \n Ausenco\n \n \n ”) in accordance with National Instrument 43-101 Standards\nof disclosure for Mineral Projects (NI 43-101). The assessment\nincludes and demonstrates that the Arizaro project has the potential\nof a 25,000 tonnes per annum (“\n \n \n tpa\n \n \n ”) commercial-scale operation to produce\nbatte...