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Sigma Lithium Resources Announces Exceptional PEA Results Supporting Doubling Planned Production Capacity to 440,000tpa (66,000 LCE)
PHASE 2 PRODUCTION HIGHLIGHTS Project’s near-term production capacity of battery grade high-purity green lithium will be potentially doubled: Production is plan
About this update from Sigma Lithium Corporation
[{"type":"text","content":" PHASE 2 PRODUCTION HIGHLIGHTS Project’s near-term production capacity of battery grade high-purity green lithium will be potentially doubled: Production is planned to increase from 220,000 tpa (33,000 LCE) planned for 2022 in Phase 1, to 440,000 tpa (66,000 LCE), within approximately one year. Phase 2 production has a projected life of mine of approximately 13 years: vertically integrated to Sigma’s second deposit, Barreiro with 20.5 Mt of measured & indicated high-grade and high-purity lithium resources at 1.43% Li2O. Low-risk execution strategy: Phase 2 construction is planned to start once Phase 1 concludes commissioning and ramps up production in 2022. The Company has significantly advanced multiple Project workstreams with the objective of preparing for Phase 2 production after 2023. PHASE 2 FINANCIAL HIGHLIGHTS Phase 2 has the potential to more than double total NPV of the Project to US$844 million: NPV of Phase 2 Production US$449 million. Low initial capital expenditures of US$44.5 million. Phase 2 after-tax cash flow generation during 13 years is projected as follows: Net revenue of US$2.1 billion (annualized US$165 million). After Tax Free Cash Flow of US$ 766 million (annualized US$60 million). EBITDA of US$1 billion (annualized US$83 million). IRR of 208%. Located close to Atlantic emerging supply chain for electric vehicles in North America and Europe, Phase 2 would enable Sigma to continue to be amongst the lowest cost producers in the industry. PEA projects Phase 2 average total cash cost to be US$256/t (FOB Plant, life of mine) and US$360/t (CIF China Port, life of mine). PHASE 1 CONSTRUCTION UPDATE All Detailed Engineering and Pre-Construction workstreams continued to advance to achieve production in the third quarter of 2022. https://vimeo.com/554389108 to Video with 3D rendering of Production Plant Construction site early works are ongoing (clearing and grubbing, laydowns & topsoil removal). Concluded all field Pre-Construction activities for the Production Plant. Completed trade-off studies for the optimization and expandability/scalability of the overall plant design, evaluating multiple design options, performing tests and analysis to select the preferred option. Concluded the definition of the streamlined scope and design of the non-process, non-plant infrastructure (building infrastructure). Comp...