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 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
Arizona Lithium has produced battery-grade lithium carbonate from the Prairie project.

The lithium carbonate was produced from the direct lithium extraction (DLE) eluent of the iLiad pilot that operated at the Prairie project between November 2023 and February this year.

The DLE eluent was sent to Saltworks in Vancouver, Canada, where it was converted into battery-grade lithium carbonate.

“Producing battery grade lithium carbonate from our flowsheet is an important step in showing the market the quality of product that we can produce. The battery-grade product we produced is in sufficient quantities to go out to all the offtakers and strategic partners we are in conversation with,” MD Paul Lloyd has said.

The company remains focused on bringing Pad No 1 at Prairie into production next year.

Key Contracts, Suppliers and Consultants
None stated.

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