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Sigma Lithium Files NI 43-101 Technical Report for Production Expansion Supporting Previously Announced 60% Increase in Mineral Reserves and US$ 15.3 Billion NPV
Sigma Lithium reports that it has filed a Production Expansion Technical Report with the preliminary feasibility study supporting and validating the news releas
About this update from Sigma Lithium Corporation
[{"type":"text","content":" Sigma Lithium reports that it has filed a Production Expansion Technical Report with the preliminary feasibility study supporting and validating the news release dated December 4, 2022, as follows: Significant potential increase of integrated production of Battery Grade Sustainable Lithium Concentrate from 270,000 tpa (36,700 tpa LCE) commencing in 2023 to 768,000 tpa (104,200 tpa LCE) in the second year at Grota do Cirilo Project (the \"Project\"). After-tax Project NPV8% of US$ 15.3 billion, incorporating production from Phase 1 (in commissioning) combined with Phase 2 and Phase 3. Total capex for the Project expansion estimated at US$ 155 million. An approximate 60% increase of mineral reserves estimate of the Project to 54.8 Mt grading at 1.44% Li2O to the total National Instrument 43-101 (\"NI 43-101\") An updated mineral resource estimate comprised of: 77.0 Mt of measured and indicated mineral resources grading at 1.43% Li2O. 8.6 Mt of inferred mineral resources grading at 1.43% Li2O. At the expanded capacity, the key economics of the Project are as follows: Year 1 Years 2-8 Years 9-13 Key Metrics & Assumptions Average Annual Battery Grade Sustainable Lithium Production (t) 277,000 768,200 491,000 All In Sustainable Cash Costs CIF China (per tonne) $458 $539 $491 Financial Metrics Average Annual (US$M) Gross Revenue $1,599 $3,620 $1,029 After-Tax Earnings $1,233 $2,682 $650 % After-Tax Earnings Margin 79 % 76 % 65 % VANCOUVER, BC, Jan. 19, 2023 /CNW/ -- SIGMA Lithium Corporation (\"Sigma Lithium\" or the \"Company\") (NASDAQ: SGML, TSXV: SGML), dedicated to powering the next generation of electric vehicles with environmentally and socially sustainable high-purity lithium, reports that it has filed a technical report titled \"Grota do Cirilo Lithium Project Araçuaí and Itinga Regions, Minas Gerais, Brazil, Updated Technical Report\" (the \"Production Expansion Technical Report\") outlining preliminary feasibility study supporting the news release dated December 4, 2022. Refer to Tables 1 to 3 below for additional details regarding the economic results and updated mineral reserve and resource estimates of the Production Expansion Technical Report. Table 1: Combined Project Economic Analysis Base Case 5.5% Li2O Economic Analysis After-Tax Net Present Value (@ 8% Discount Rate) US$15...