Business
Rock Tech's Vertically Integrated Preliminary Economic Assessment Confirms Globally Competitive OPEX per tonne of Lithium Hydroxide
(TheNewswire) Vancouver, BC, Canada - TheNewswire - Novem...
About this update from Rock Tech Lithium Inc.
[{"type":"text","content":"Rock Tech's Vertically Integrated Preliminary Economic Assessment Confirms Globally Competitive OPEX per tonne of Lithium Hydroxide\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, BC, Canada -\n \n \n TheNewswire -\n \n \n November 4, 2020\n \n -\n \n Rock Tech Lithium Inc.\n \n (the\n\"Company\" or \"Rock Tech\") (TSXV:RCK\n \n )\n \n ;\n \n (\n \n Frankfurt:RJIB) is pleased\nto announce positive results from an independent Preliminary Economic\nAssessment (\"PEA\") conducted on a vertically integrated\nlithium hydroxide converter in Thunder Bay, Ontario.\n \n \n PEA highlights include:\n \n \n \n \n - Globally competitive Operating Expenses (\"OPEX\") of\nUS$5,956 per tonne of lithium hydroxide (All-in Sustaining Costs of\n$6,546 per tonne).\n \n \n - Base-case scenario production of lithium hydroxide at a rate of\n15,000 tonnes per year.\n \n \n - Excellent potential to improve economics by expanding production\ncapacity.\n \n \n \n \n The PEA demonstrates that a vertically integrated lithium hydroxide\nconverter located in Thunder Bay, Ontario, exclusively utilizing feed\nfrom the Company's nearby 100%-owned Georgia Lake lithium project, can\nbe viable and globally competitive while providing attractive\ninvestment returns.\n \n \n \n \"We are very encouraged by the results of the PEA assessing the\neconomics of a lithium hydroxide converter located in Thunder\nBay,\" said Simon Bodensteiner, Rock Tech's Chief Executive\nOfficer. \"In addition to the base-case scenario presented in the\nPEA, we also considered opportunities for increasing the scale of\nproduction of the converter. This scenario resulted in greatly\nenhanced project economics.\"\n \n \n Rock Tech engaged Wave International to complete the PEA, which was\nprepared in accordance with National Instrument 43-101, Standards of\nDisclosure for Mineral Projects. The authors of the PEA are Ryan\nHanrahan, B.Eng (Hons) Mech (Qualified Person as defined by NI 43-101)\nand Jingyuan Liu, PhD, a subject matter expert in Lithium chemicals.\nCertain information in the PEA with respect to the Company's Georgia\nLake lithium project was prepared by DMT GmbH & Co. KG\n(\"DMT\") and included in a Technical Report (the \"DMT\nPEA\") filed on SEDAR on November 12, 2018. DMT reviewed the DMT\nPEA and certified that the assumptions remain c...