Tonopah Lithium Claims project, US
Name of the Project
Tonopah Lithium Claims (TLC) project.
Location
Esmerelda lithium district, north-west of Tonopah, in Nevada, in the US.
Project Owner/s
American Lithium Corp.
Project Description
An independent preliminary economic assessment (PEA) has demonstrated that the TLC project has the potential to become a substantial, long-life producer of low-cost lithium carbonate with the potential to produce either battery-grade lithium carbonate equivalent or lithium hydroxide.
The project is highly amenable for development as a conventional openpit truck-and-shovel operation.
The PEA base case envisions an initial 4.4-million-tonne-a-year processing throughput expanding to 8.8-million tonnes a year. The project will produce 1.46-million tonnes of lithium carbonate equivalent over 40 years.
The PEA alternative case is identical, but with the added production of 1.68-million tonnes a year high-purity magnesium sulphate as a by-product over the life-of-mine.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
In the base case, the project has an estimated pretax net present value (NPV), at an 8% discount rate, of $3.64-billion at $20 000/t lithium concentrate equivalent and an internal rate of return (IRR) of 28.8%, with an initial payback of 3.6 years.
The alternative case has a pretax NPV, at an 8% discount rate, of $6.06-billion at $20 000/t lithium carbonate equivalent, and $150/t magnesium sulphate and an IRR of 38.6%, with a payback of 3.5 years.
Capital Expenditure
Total capital expenditure (capex) is estimated at $1.43-billion in the base case, with initial capital costs estimated at $819-million.
Total capex is estimated at $1.44-billion in the alternative case, with initial capital costs estimated at $763-million.
Planned Start/End Date
Not stated.
Latest Developments
None stated.
Key Contracts and Suppliers
DRA Global and Stantec Consulting (PEA).
Contact Details for Project Information
American Lithium, tel +1 604 428 6128 or email info@americanlithiumcorp.com.
Comments
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation