Name of the Project
Rose lithium/tantalum project.

Location
About 38 km north of Nemaska, in Quebec, Canada.

Project Owner/s
Critical Elements Lithium Corporation.

Project Description
The project proposes the construction, operation and decommissioning of an openpit lithium/tantalum mine.

The project includes the operation of an openpit, a waste and tailings impoundment area, an industrial ore processing facility and the option of transforming concentrate off site.

The mine will produce about 4 600 t/d of ore over a 17-year life span.

Average production of chemical-grade lithium concentrate is estimated at 186 327 t, technical-grade lithium concentrate at 50 205 t and tantalum concentrate at 429 t.

A standard froth flotation process, comprising crushing, beneficiation and dewatering areas, will be used.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an estimated after-tax net present value, at an 8% discount rate, of $726-million and an after-tax internal rate of return of 34.9%.

Capital Expenditure
The project is estimated at an initial capital cost of $341.2-million.

Planned Start/End Date
Not stated.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Critical Elements Lithium Corporation tel + 1 514 904 1496.