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VISION LITHIUM FILES PRELIMINARY ECONOMIC ASSESSMENT TECHNICAL REPORT FOR THE SIRMAC LITHIUM PROJECT
VISION LITHIUM FILES PRELIMINARY ECONOMIC ASSESSMENT TECHNICAL REPORT FOR THE SIRMAC LITHIUM PROJ...
About this update from Vision Lithium, Inc.
[{"type":"text","content":"\n \n \n \n VISION LITHIUM FILES PRELIMINARY ECONOMIC ASSESSMENT TECHNICAL REPORT FOR THE SIRMAC LITHIUM PROJECT\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VAL-D'OR, QC\n \n \n ,\n \n \n March 27, 2023\n \n \n /CNW/ - Vision Lithium Inc. (TSXV: VLI) (OTCQB: ABEPF) (FSE: 1AJ2) (the \"\n \n Company\n \n \" or \"\n \n Vision Lithium\n \n \") reports that it has filed the technical report supporting the Preliminary Economic Assessment (\"\n \n PEA\n \n \") for the Company's 100%-owned Sirmac Lithium Project, located within the Frotet-Evans Greenstone Belt of northern\n \n Quebec\n \n (the \"\n \n Technical Report\n \n \"). The Technical Report, titled \"NI 43-101 Technical Report: Preliminary Economic Assessment on Pegmatite Dike #5 Lithium-Tantalum Deposit; Sirmac Property, Québec\" dated\n \n February 15, 2023\n \n , was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (\"\n \n NI 43-101\n \n \") by Mr.\n \n Claude Duplessis\n \n , P. Eng. Senior Engineer, GoldMinds Geoservices (\"\n \n GMG\n \n \") and Mr.\n \n Daniel Dufort\n \n , P. Eng. Engineer, GMG.\n \n \n \n \n \n \n \n \n \n The positive PEA, announced\n \n February 21, 2023\n \n , demonstrates the potential for Vision Lithium to develop the Sirmac deposit as a Direct Shipping operation (DSO) with potential very high returns.\n \n \n Preliminary Economic Assessment Highlights (all results are reported in Canadian Dollars unless otherwise specified):\n \n \n \n Pre-Tax net present value (\"\n \n NPV\n \n \") (discount rate 5%) of\n \n C$183.6M\n \n , internal rate of return (\"\n \n IRR\n \n \") of 839% and payback less than 1 year\n \n \n \n \n After-Tax NPV (discount rate 5%) of\n \n C$104.8M\n \n , IRR of 484% and payback less than 1 year\n \n \n \n \n Assumed DSO selling price of\n \n US$591\n \n per tonne /\n \n C$797\n \n per tonne based on US\n \n $4,100\n \n /t concentrate pricing\n \n \n \n \n 4 years of mine life with 321,000 tonnes of DSO at 1.33 % Li\n \n 2\n \n O\n \n \n \n \n Reve...