Colina lithium project, Brazil
Name of the Project
Colina lithium project.
Location
Minas Gerais, Brazil.
Project Owner/s
Latin Resources.
Project Description
A preliminary economic assessment (PEA) has shown a low-capital, two-phased operation, which delivers high-quality 5.5% lithium oxide spodumene concentrate (SC5.5) and a 3% lithium oxide (SC3) spodumene tails concentrate product.
Proposed is the development of a 3.6-million-tonne-a-year standalone mining and processing operation with an initial 11-year life-of-mine (LoM). Average LoM production is estimated at 405 000 t/y SC5.5 and 123 000 t/y SC3.
Phase 2 will increase LoM production to 525 000 t/y of SC5.5 and 159 000 t/y of SC3.
A Phase 3 mine life extension and expansion will be evaluated in the definitive feasibility study (DFS).
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has an estimated after-tax net present value, at an 8% discount rate, of A$3.6-billion and an internal rate of return of 132%, with a payback of seven months.
Capital Expenditure
Phase 1 capital expenditure (capex) is estimated at $253-million.
Phase 2 capex of $55-million will be fully funded by Phase 1 production.
Planned Start/End Date
Phase 1 production is expected to start in 2026 and Phase 2 in 2029.
Latest Developments
The DFS is expected to be completed in mid-2024.
Key Contracts, Suppliers and Consultants
SGS Geological Services Group Canada, SGS Bateman Engineering Services and MinSol Engineering (PEA).
Contact Details for Project Information
Latin Resources, tel +61 8 6117 4798 or email info@latinresources.com.au.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation