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SIGMA LITHIUM ANNOUNCES FILING TECHNICAL REPORT WITH OUTSTANDING ECONOMIC RESULTS OF THE INTEGRATED PHASE 1 & 2 PROJECTED PRODUCTION: AFTER-TAX NPV OF US$5.1 BILLION & AVERAGE ANNUAL FREE CASH FLOW OF US$595 MILLION; CONTINUES EVALUATING PHASE 3
HIGHLIGHTS The phased expansion scenario will potentially position Sigma Lithium as the world's fourth largest lithium producer.Run-rate combined production
About this update from Sigma Lithium Corporation
[{"type":"text","content":"HIGHLIGHTS\nThe phased expansion scenario will potentially position Sigma Lithium as the world's fourth largest lithium producer.Run-rate combined production of 531,000 tpa (72,200 tpa LCE) of Battery Grade Sustainable Lithium.Expected to be among the lowest cost lithium producers globally with average cash costs of US$454/t (CIF China).Combined average annual free cash flow of US$595 million over the 13-years of operation.Sigma Lithium is in construction of a greentech lithium processing plant integrated with its own lithium ore feedstock.The Company is fully funded to production for remaining Phase 1 capex of US$111 million.Phase 1 remains on schedule and on budget to begin commissioning by year-end 2022.Phase 2 Greentech Plant and mine capex is estimated at US$76 million.Detailed engineering and feasibility level geotechnical workstream are being initiated at Phase 2.Therefore, construction of Phase 2 is expected to begin once Phase 1 initiates commissioning.The technical report projects results for an integrated, multi-stage approach to development of Phase 1 and Phase 2 production of Battery Grade Sustainable Lithium as follows:Combined after-tax NPV8% of US$5.1 billion.Combined after-tax IRR of 589%.13-year project life (fully integrated with both Phase 1 & 2 mines).Sigma Lithium's integrated technical report encompasses just two initial production phases of the Grota do Cirilo Project (Phase 1 and Phase 2). Sigma Lithium continues to work on the remaining six former artisanal mines within its properties in order to prepare them for potential development.Phase 1 Feasibility Study contemplates the Greentech Plant fully integrated with the Phase 1 mine, both currently in construction:Expected to produce 270,000 tpa of Battery Grade Sustainable Lithium (36,700 tpa LCE).Estimates annual steady-state free cash flow of US$455 million over the 8 years of operation.After-tax NPV8% of US$2.6 billion, IRR of 571% over an 8-year operating life, and payback period of just 3 months.Average All-In Sustaining Costs projected to be US$459/t (cash production costs plus royalties and transportation costs CIF China)Phase 2 Pre-Feasibility Study evaluates a second \"twin\" Greentech Plant fully integrated with the Phase 2 mine:Expected to produce an additional 261,100 tpa of Battery Grade Sustainable Lithium (35,500 tpa LCE). Estimates annual...