Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

PFS Confirms Potential Of Low Cost Lithium Hydroxide Production At Cinovec

Mining News - Published on Thu, 20 Jun 2019

Image Source: YouTube
Cadence Minerals to note the results published by European Metals Holdings Limited from the successful update of the process flowsheet previously developed to enable the production of lithium hydroxide. This work has been completed in conjunction with test-work confirming the production of battery grade lithium hydroxide from Cinovec ore. EMH states that the results significantly enhance the forecast economics of the Cinovec Project.

Highlights:

Net estimated overall cost of production post credits: USD 3,435 per tonne LiOH.H2O

Project Net Present Value increases 105% to: USD 1.108 billion

Internal Rate of Return increased 37% to 28.8%

Total Capital Cost: USD 482.6 million

Annual production of Battery Grade Lithium Hydroxide: 25,267 tonnes

Studies are based on only 9.3% of reported Indicated Mineral Resource and a mine life of 21 years processing an average of 1.68 million tonne per annum ore

The process used to produce lithium hydroxide allows for the staging of lithium carbonate and then lithium hydroxide production to minimize capital and startup risk and enables the production of either battery grade lithium hydroxide or carbonate as markets demand

Source :

Posted By : Sanju Moirangthem on Thu, 20 Jun 2019
Related News from Mining segment