Name of the Project
Caucharí-Olaroz lithium project.

Location
Jujuy province, Argentina.

Project Owner/s
Caucharí-Olaroz is 100%-owned by Minera Exar, a 50:50 joint venture (JV) between Lithium Americas and Ganfeng Lithium.

Project Description
Stage 1 of the project aims to produce 40 000 t/y of battery-quality lithium carbonate.

This includes a conventional, commercially proven brine processing technology, optimised from the salar in partnership with Ganfeng Lithium, to produce battery-quality lithium carbonate, which can be used to meet the specifications of battery material producers in the manufacturing of cathode, and electrolyte for lithium-ion batteries.

The project has a 40-year mine life.

Stage 2 will have a capacity of 20 000 t/y of lithium carbonate equivalent.

Potential Job Creation
More than 1 000 workers were on site in May 2021.

Net Present Value/Internal Rate of Return
The project has a base case after-tax net present value, at a 10% discount rate, of $1.33-billion.

Capital Expenditure
The project’s capital cost has risen to $979-million at the official Argentina exchange rate. This compares with $645-million previously.

Planned Start/End Date
First production is expected in mid-2022.

Construction on Stage 2 is targeted to start in the second half of 2022, with production expected in 2025.

Latest Developments
Lithium Americas has reported that construction of the Cauchari-Olaroz lithium brine project is substantially complete, with first production set to occur during the current quarter.

In its 2022 financial results, Lithium Americas reports that the project will produce its first product by the end of the second quarter and ramp up to its full production rate of 40 000 t/y of lithium carbonate by the first quarter of next year.

Meanwhile, the JV is also continuing with planning for a Stage 2 expansion of at least 20 000 t/y of lithium carbonate to align with the completion of Stage 1. 

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Lithium Americas, tel +1778656 5820 or email info@lithiumamericas.com.