Clayton Valley lithium project, US
Name of the Project
Clayton Valley lithium project.
Location
Esmeralda County, Nevada, in the US.
Project Owner/s
Cypress Development Corp.
Project Description
A positive prefeasibility study (PFS) on the Clayton Valley project envisages a mine with an average production of 15 000 t/d to produce 27 400 t/y lithium carbonate equivalent over a mine life of more than 40 years.
Production is based on probable mineral reserves of 222-million tonnes, averaging 1 141 parts per million lithium carbonate equivalent.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The PFS estimates an after-tax net present value, at an 8% discount rate, of $1.05-billion and an internal rate of return of 25.8%, based on a price of $9 500/t for lithium carbonate.
Capital Expenditure
Preproduction capital is estimated at $493-million.
Planned Start/End Date
Not stated.
Latest Developments
The next step is a pilot plan programme as recommended by the PFS. Work under way includes core logging and analyses on several drill holes, supplemental metallurgical tests and environmental studies. Cypress intends to invite proposals that can add value to the project and the company through financial, technical, operating or marketing capabilities.
Key Contracts and Suppliers
Continental Metallurgical Services (PFS).
Contact Details for Project Information
Cypress Development Corp, tel +1604639 3851 or email info@cypressdevelopmentcorp.com.
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