Name of the Project
Bonnie Claire lithium project.

Location
Nevada, in the US.

Project Owner/s
Iconic Minerals.

Project Description
A preliminary economic assessment (PEA) has shown favourable economics, with the project having the potential to be a major supplier of lithium products worldwide. The PEA covers only the first 40 years of production.

The PEA envisages an operation producing about 32.3-million kilograms of lithium carbonate equivalent.

The PEA proposes borehole mining, as it will eliminate the need for an openpit and reduce tailings because they are injected back into the drill holes.

The environmental footprint is significantly reduced, which is a big positive for the project, according to the PEA.

The leach solution will be subjected to conventional impurity removal using neutralisation and precipitation. The majority of the sodium sulphate (as Glauber’s salt) is recovered and recycled to the calcination stage. A significant portion of the process water is also recovered and recycled.

Final lithium carbonate production is achieved through soda ash precipitation and bicarbonate purification. The target is to produce a 99.5%-purity lithium carbonate product.

The expected overall lithium recovery is 75% as final marketable product.

The project also has the potential to incorporate solar power into its development as a result of its location in Nevada.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The PEA estimates an after-tax net present value, at an 8% discount rate, of A$1.5-billion and an internal rate of return of 23.8%, with a payback of 6.7 years.

Capital Expenditure
Not stated.

Planned Start/End Date
Not stated.

Latest Developments
The PEA has determined that further work on the Bonnie Claire project is warranted.

Key Contracts, Suppliers and Consultants
Global Resource Engineering (PEA).

Contact Details for Project Information
Iconic Minerals, tel +1 604 336 8614 or email info@iconicmineralsltd.com.