Mariana lithium brine project, Argentina
Name of the Project
Mariana lithium brine project.
Location
The project is located in the province of Salta, Argentina.
Client
Litio Minera Argentina, a joint venture between Ganfeng Lithium (82.754%) through its wholly owned subsidiary, Mariana Litihium Corp and International Lithium Corp (17.246% by). In addition, International Lithium has an option to acquire another 10% in the Mariana project through a back-in right.
Project Description
A preliminary economic assessment (PEA) has assessed the potential economic viability of developing the 14 exploration licences (Minas), which cover the Salar de Llullaillaco and surrounding area (23 560 ha), to extract lithium brine resources and process lithium carbonate equivalent and sulphate of potash (SoP) products.
The PEA is based on an operating capacity of 40 150 t/y of 4.7% lithium concentration brine and production of 84 000 t/y of SoP fertiliser product.
The project has a mine life of 25 years.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 10% discount rate, of $288.02-million and an internal rate of return of 23.7%.
Value
The project is estimated at $243.43-million.
Duration
Not stated.
Latest Developments
None stated.
Key Contracts and Suppliers
Advisian, a division of the WorleyParsons Group (PEA).
On Budget and on Time?
Not stated.
Contact Details for Project Information
International Lithium Corp, tel +1604449 6520, fax +1604484 7143 or email info@internationallithium.com.
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