Name of the Project
Rincon salar lithium carbonate project.

Location
Lithium triangle, Argentina.

Project Owner/s
Power Minerals.

Project Description
A preliminary economic assessment (PEA) has confirmed Rincon salar’s potential to produce high-purity, battery-grade lithium carbonate over a 14-year mine life.

The PEA proposes the production of 7 061 t of high-purity lithium carbonate, based on the existing Join Ore Reserves Committee-compliant mineral resource of 292 564 t of lithium carbonate equivalent.

The project has shown strong expansion potential for future mineral resource
upgrades.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The PEA estimates a pretax net present value of $501.85-million and an internal rate of return of 42%, with a payback of three years.

Capital Expenditure
About $216.55-million, based on a lithium carbonate plant using direct lithium extraction technology.

Planned Start/End Date
Not stated.

Latest Developments
Power Minerals has advanced into the feasibility stage of the project.

Key Contracts, Suppliers and Consultants
Golder Associates (PEA).

Contact Details for Project Information
Power Minerals, tel +61 8 8218 5000 or email admin@powerminerals.com.au.