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Rock Tech Lithium Presents Results of First Economic Assessment: Main Resource Zone at Georgia Lake Property with Net Present Value of $312 million, IRR of 62.2%
Rock Tech Lithium Presents Results of First Economic Assessment: Main Resource Zone at Geo...
About this update from Rock Tech Lithium Inc.
[{"type":"text","content":"\n\n\n\nRock Tech Lithium Presents Results of First Economic Assessment: Main Resource Zone at Georgia Lake Property with Net Present Value of $312 million, IRR of 62.2%\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.prngen4{\nBORDER-TOP:#000000 1pt solid; BORDER-RIGHT:#000000 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:#000000 1pt solid; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:#000000 1pt solid; PADDING-RIGHT:0.50em\n}\n.prngen2{\nBORDER-TOP:#000000 1pt solid; BORDER-RIGHT:#000000 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:#000000 1pt solid; PADDING-LEFT:0.50em; BORDER-LEFT:#000000 1pt solid; PADDING-RIGHT:0.50em\n}\n.prngen3{\nBORDER-TOP:#000000 1pt solid; BORDER-RIGHT:#000000 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:#000000 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:#000000 1pt solid; PADDING-RIGHT:0.50em\n}\n.prntbls{\nBORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Oct. 2, 2018\n\n\n\nVANCOUVER, Oct. 2, 2018 /CNW/ - Rock Tech Lithium Inc. (the \"Company\" or \"Rock Tech\") [TSX-V: RCK; Frankfurt: RJIB (WKN: A1XF0V)] is pleased to announce the results of a Preliminary Economic Assessment (\"PEA\") at its flagship 100%-owned Georgia Lake lithium property in the Thunder Bay Mining District of Northwest Ontario, Canada. Rock Tech engaged DMT GmbH & Co. KG (\"DMT\") to complete the PEA.\n\n \n \n\n \nThe results of the PEA include a pre-tax Net Present Value (\"NPV\") of $312 million at a discount rate of 8% and a pre-tax Internal Rate of Return (\"IRR\") of 62.2%. The PEA focused on only a portion of the Georgia Lake project centered around an area referred to as the Nama Creek Main Zone, excluding additional inferred resources the Company has defined on other areas of the property as included in the updated resource estimate disclosed on June 27, 2018 and filed on SEDAR on August 10, 2018. In the PEA, DMT covered all relevant topics for the development of the mine and the producti...