Manna lithium project, Australia

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Name of the Project
Manna lithium project.
Location
Goldfields region of Western Australia.
Project Owner/s
Global Lithium Resources (GL1).
Project Description
A scoping study has confirmed the potential for a globally competitive lithium project.
The scoping study envisages an operation with a life-of-mine of ten years, with an estimated total production of 2.2-million tonnes of spodumene concentrate, based on mineral resources of 32.7-million tonnes at 1% lithium.
The concentrator will have a nameplate capacity of two-million tonnes a year of run-of-mine ore.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has an estimated pretax net present value, at an 8% discount rate, of A$2.8-billion and an internal rate of return of 103%, with a payback of 15 months after first production.
Capital Expenditure
Direct capital costs are estimated at A$299.4-million.
Planned Start/End Date
Not stated.
Latest Developments
The GL1 board has recommended that the project proceed directly to a definitive feasibility study.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Global Lithium Resources, email info@globallithium.com.au
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