{"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 achieves outstanding results delivered by the Maricunga Lithium Brine Project in its updated definitive feasibility study.<\/h2>\n

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

Stage one project<\/h3>\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

The highlights of the study:<\/h3>\n