TANTALUM-LITHIUM STUDY: Pre-tax NPV for Rose deposit is $488 million

QUEBEC - Critical Elements Corp. of Montreal is in receipt of the preliminary economic assessment for its Rose tantalum-lithium project in the James Bay area. The pre-tax net present value was estimated at $488 million at an 8% discount, and...

QUEBEC - Critical Elements Corp. of Montreal is in receipt of the preliminary economic assessment for its Rose tantalum-lithium project in the James Bay area. The pre-tax net present value was estimated at $488 million at an 8% discount, and the internal rate of return was estimated at 33%.

Critical Elements said after taxes, the NPV will be $279 million and the IRR would be 25%. Payback of the $268.6 million pre-production expenses would be 4.1 years, and the life of the project would be 17 years. A conventional open pit is planned with a 4,600-t/d flotation mill. A plant will also be built on the site to convert lithium oxide ore to lithium carbonate (Li2CO3).

The Rose deposit has an indicated resource of 26.5 million tonnes grading 0.98% Li2O and an inferred resource of 10.7 million tonnes at 0.86% Li2O.

The company noted that the Rose project is located in the Quebec Plan Nord designated area where the government is fast-tracking the construction of new infrastructure, accelerating permitting and assisting project financing on a case by case basis.

More information, maps, photos and a video are posted at www.CECorp.ca.

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