QUEBEC – Canada Lithium Corp. of Toronto said the feasibility study is positive for its Quebec lithium project near Val d’Or. The company anticipates that construction will start in mid-2011 and full production in 2013, subject to financing and permitting.
The report was prepared using information from SGS Lakefield, Genivar Inc., BBA Inc. and Golder Associates. The development of an open pit capable of producing 2,950 tonnes of ore daily is estimated to cost US$12.2 million. Building a crusher, conventional flotation mill and a hydrometallurgical plant will cost an additional US$151.1 million. Total costs, including contingency and owner’s costs, are expected to be US$202.0 million.
The plant is designed to produce 44 million lb of lithium carbonate annually, and over 99% of the output will be suitable for use in storage batteries.
The Quebec lithium project has a measured and indicated resource of approximately 46.7 million tonnes at 1.19% Li2O and an additional inferred resource of approximately 57.6 million tonnes at 1.18% Li2O.
More information about the project and the related technical reports are available at www.CanadaLithium.com.