Neil Herbert of Atlantic Lithium: Ewoyaa Definitive Feasibility Study Shows we have Best in Class Project
Episode 1509, Jun 30, 2023, 06:25 AM
Neil Herbert Chairman of Atlantic Lithium #ALL discusses their Ewoyaa Definitive Feasibility Study and says it shows they have a low capex, low opex best in class Lithium spodumene Project, which they are looking to take into production in 2025.
DFS HIGHLIGHTS
· 3.6 million tonnes ("Mt") spodumene concentrate production over 12-year Life of Mine ("LOM").
· Exceptional Project economics: Post-tax Net Present Value ("NPV8") of US$1.5bn with free cash flow of US$2.4bn from LOM revenues of US$6.6bn, Average LOM EBITDA of US$316 million per annum, Internal Rate of Return ("IRR") of 105% and short payback of 19 months.
· C1 cash operating costs of US$377/t of concentrate Free-On-Board ("FOB") Ghana Port, after by-product credits from conventional open cut mining operation; All in Sustaining Cost ("AISC") of US$610/t.
· Modest capital cost estimate of US$185 million.
· Incorporates Modular DMS units to generate early cash flow and increased throughput from 2Mtpa to 2.7Mtpa:
o Modular DMS cash flow reduces mine build peak funding requirement; capex paid back prior to full completion of plant build; and
o DFS maintains low capital intensity of US$64/t of annualised throughput.
· Throughput increased by 35% following significant uplift in Ore Reserves to 25.6Mt @ 1.22% Li2O.
· Simple mineralogy enables simple flowsheet comprising integrated 3-stage crushing facility through conventional Dense Media Separation ("DMS") processing, producing 6% ("SC6") and 5.5% ("SC5.5") concentrate (approx. 50:50 ratio) at 10mm top size crush.
· Additional 4.7Mt of secondary product anticipated as by-product from DMS concentrator, with average grade of 1.16% Li2O.
· DFS incorporates Mineral Resource Estimate1 ("MRE") of 35.3Mt @ 1.25 Li2O and conservative LOM concentrate pricing of US$1,587/t, FOB Ghana Port.
· Project benefits from close proximity to operational infrastructure, low energy and water-intensity process flow sheet, proximity to potential off-takers and skilled Ghanaian workforce within surrounding communities; over 800 direct jobs to be created.
To read the full RNS click here
DFS HIGHLIGHTS
· 3.6 million tonnes ("Mt") spodumene concentrate production over 12-year Life of Mine ("LOM").
· Exceptional Project economics: Post-tax Net Present Value ("NPV8") of US$1.5bn with free cash flow of US$2.4bn from LOM revenues of US$6.6bn, Average LOM EBITDA of US$316 million per annum, Internal Rate of Return ("IRR") of 105% and short payback of 19 months.
· C1 cash operating costs of US$377/t of concentrate Free-On-Board ("FOB") Ghana Port, after by-product credits from conventional open cut mining operation; All in Sustaining Cost ("AISC") of US$610/t.
· Modest capital cost estimate of US$185 million.
· Incorporates Modular DMS units to generate early cash flow and increased throughput from 2Mtpa to 2.7Mtpa:
o Modular DMS cash flow reduces mine build peak funding requirement; capex paid back prior to full completion of plant build; and
o DFS maintains low capital intensity of US$64/t of annualised throughput.
· Throughput increased by 35% following significant uplift in Ore Reserves to 25.6Mt @ 1.22% Li2O.
· Simple mineralogy enables simple flowsheet comprising integrated 3-stage crushing facility through conventional Dense Media Separation ("DMS") processing, producing 6% ("SC6") and 5.5% ("SC5.5") concentrate (approx. 50:50 ratio) at 10mm top size crush.
· Additional 4.7Mt of secondary product anticipated as by-product from DMS concentrator, with average grade of 1.16% Li2O.
· DFS incorporates Mineral Resource Estimate1 ("MRE") of 35.3Mt @ 1.25 Li2O and conservative LOM concentrate pricing of US$1,587/t, FOB Ghana Port.
· Project benefits from close proximity to operational infrastructure, low energy and water-intensity process flow sheet, proximity to potential off-takers and skilled Ghanaian workforce within surrounding communities; over 800 direct jobs to be created.
To read the full RNS click here