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Tantalex Lithium Resources Announces Impressive Manono Lithium Tailings Preliminary Economic Assessment With IRR of 87,4% and NPV10 of US$764 Million
Key PEA Highlights Excellent project economics and financial returns Robust pre-tax NPV10%of approximately $764 million and 87.4% IRR on a nominal basis, and a
About this update from Tantalex Lithium Resources Corp
[{"type":"text","content":"Key PEA Highlights Excellent project economics and financial returns Robust pre-tax NPV10%of approximately $764 million and 87.4% IRR on a nominal basis, and a pre-tax NPV10%of approximately $638 million and 82.3% IRR on a real basis. Rapidpaybackof1 yearafterfirstproductionusingaLife of Minespodumeneconcentratepriceof US$2,800/t SC5.5 (FOB, Africa) as forecast by Fastmarkets, an internationally recognized price reportingagency. Project Capital Cost Estimate (CAPEX) of US$147,7M including contingencies, Life-of-Mine (LOM) of 6 years with an estimated annual production of 112,000 t of spodumene concentrate Low risk plant operation and tailings reclamation Ready to use tailings dump resources to feed beneficiation plant with minimum cost of mining, crushing, grinding, and processing. Processplant nameplate capacity is 1.26Mtpa of run-of-mine (ROM) ore basedonrobustflowsheetusinglearningsfromotherlithiumproducers. Anumberofopportunitieshavebeenidentifiedtoimprovecapital and operatingcostsandplantcapacity. The exploration program is being finalized with a focus on increasing indicated resources and extending life of project. Toronto, Ontario - TheNewswire - October 6, 2022 - Tantalex Lithium Resources Corp. (CSE:TTX) (FSE:DW8) (OTC:TTLXF) (“Tantalex” or the “Corporation”), is pleased to report results from its Preliminary Economic Assessment (‘’PEA’’)for its majority owned Manono Lithium Tailings project in the Democratic Republic of Congo. The PEA was prepared by Sedgman Novopro of Montreal, Canada with Mineral Resource and Mining contributions from MSA Group in accordance with National instrument 43-101, Standards of Disclosure for Mineral Projects (NI 43-101). An NI 43-101 Technical Report will be prepared and posted on www.tantalexlithium.com and the Company's profile on www.SEDAR+.com within 45 days of the date of this news release.The key financial metrics are compelling, and the Company Board has recommended the Project to proceed to a Feasibility Study. Eric Allard, President and CEO commented: ‘’This PEA is perfectly aligned with the results of our Maiden Resource Report filed in January 2023. It was our decision to focus our efforts on completing this PEA as a priority which now allows us to progress on our Feasibility and ESIA Studies. We have sized the project scope in order to ...