{"id":17274,"date":"2022-01-20T15:36:47","date_gmt":"2022-01-20T15:36:47","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=17274"},"modified":"2022-04-27T14:31:41","modified_gmt":"2022-04-27T13:31:41","slug":"lithium-power-international-updated-definitive-feasibility-study","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/lithium-power-international-updated-definitive-feasibility-study\/17274\/","title":{"rendered":"Lithium Power International: updated Definitive Feasibility Study"},"content":{"rendered":"
Lithium Power International Limited<\/a> is pleased to release the results of its updated Definitive Feasibility Study (DFS) for the Stage One Maricunga Lithium Brine project. The Maricunga Stage One DFS delivers $1.4bn NPV (after tax) at an 8% discount rate. An IRR of 39.6% and a two-year payback period.<\/p>\n The Stage One Project is owned and operated by Minera Salar Blanco S.A, and MSB is in turn collaboratively owned by Lithium Power International (51.55%); Minera Salar Blanco SpA (31.31%); and Bearing Lithium Corp (17.14%).<\/p>\n The associated report prepared by Worley and Atacama Water for MSB is to provide a National Instrument 43-101 compliant Definitive Feasibility Study of its \u2018Stage One Project\u2019 located in Salar de Maricunga in the Atacama Region of northern Chile.<\/p>\n The report provides an independent updated Mineral Reserve estimate and a technical appraisal of the economic viability of the production of an average of 15,200 t\/a of battery grade lithium carbonate over a 20-year mine-life from the lithium contained on the \u2018Old Code\u2019 mining concessions (OCC) owned by MSB, based on additional exploration work carried out to 400m depth during 2021.<\/p>\n Lithium Power International Limited<\/a>, through its Joint Venture Company, Minera Salar Blanco is pleased to provide details of the updated Definitive Feasibility Study for its Maricunga Stage One lithium brine project in northern Chile. The study confirms that Maricunga Stage One could be one of the world\u2019s lowest-cost producers of lithium carbonate, with a solid ESG strategy to support a sustainable future.<\/p>\n \u201cWe are extremely pleased with the results of the updated DFS for the Maricunga Stage One lithium brine project. The strong economics, as well as the exceptional sustainability profile, confirms the high standard and attractiveness of the project,\u201d commented Cristobal Garcia-Huidobro, the Chief Executive Officer at LPI.<\/p>\n \u201cThe priority for 2022 is to finalise \u2018project finance\u2019 for the Stage One project. We are actively working with both international and Chilean financial institutions on different structures for debt financing, as well as with potential strategic partners for equity investments. Update of the EPC proposals will soon commence, with the expectation of a Final Investment Decision (FID) by the end of the year. Construction should start immediately after the FID.<\/p>\n \u201cWe are continuing to work on the development of a subsequent Stage Two at Maricunga, considering the current significant forecast growth in lithium demand and Stage One being in its final phase of pre-production. This will also benefit from the maturation of new production technologies in the lithium industry, realising the significant value of all our assets.\u201d<\/p>\n For further information and to read the company\u2019s full ASX release<\/a> with the results of its updated Definitive Feasibility Study for the Stage One Maricunga Lithium Brine project, visit Lithium Power International LTD.<\/p>\nStage one project<\/h3>\n
The highlights of the study:<\/h3>\n
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Lithium Power International\u2019s Chief Executive Officer<\/h3>\n