Name of the Project
San José lithium project.

Location
Extremadura region of Spain.

Project Owner/s
Infinity Lithium Corporation.

Project Description
Envisaged is an operation with a 26-year mine life, which will support a two-million-tonne-a-year lithium chemical conversion facility located in the project area. The proposed mine will ramp up to full production over a two-year period from the start of production and then operate at two-million tonnes a year.

Transversal longhole stoping with paste backfill has been selected as the ideal mining method for resource extraction, facilitating the development of primary and secondary stopes.

Average life-of-mine lithium hydroxide monohydrate production, including ramp-up, is estimated at 30 395 t/y.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The updated scoping study estimates a pretax net present value, at an 8% discount rate, of €3.81-billion and an internal rate of return of 25.8%, with an after-tax payback period of
4.2 years.

Capital Expenditure
Preproduction capital after contingencies is estimated at €1.43-billion.

Planned Start/End Date
Not stated.

Latest Developments
Not stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Infinity Lithium Corporation, tel +61 8 6146 5325 or email admin@infinitylithium.com.