https://www.miningweekly.com
PROJECT
PROJECT
project

Prairie lithium project, Canada

IMAGE OF LITHIUM ORE STOCKPILE

Photo by ©Bloomberg

23rd February 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

Font size: - +

Name of the Project
Prairie lithium project.

Location
Williston basin of Saskatchewan, Canada.

Project Owner/s
Arizona Lithium.

Project Description
Prairie holds a resource of 6.3-million tonnes of lithium carbonate equivalent comprising 4.5-million tonnes of lithium carbonate equivalent in the indicated category and 1.8-million tonnes in the inferred category.

A prefeasibility study (PFS) has reported initial production of 6 000 t/y, consisting of three inaugural well pads, each producing 2 000 t/y of lithium carbonate equivalent over a 20-year mine life.

The robust PFS economics for Phase 1 can be replicated, and additional modules will increase production to between 20 000 t/y and 25 000 t/y in Phase 2, and multiples thereof in Phase 3.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
In the base case, the project has a pretax net present value, at an 8% discount rate, of $448-million and an internal rate of return of 23.9%, with a payback of 2.2 years.

Capital Expenditure
Phase 1 – $290-million, including contingency.

Planned Start/End Date
Initial production is slated for the first half of 2025.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Arizona Lithium, tel +61 8 6313 3936 or email info@arizonalithium.com.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

Comments

Showroom

Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.099 0.146s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: