LITHIUM STUDY: Whabouchi to produce 202,000 t/y spodumene concentrate

QUEBEC - Nemaska Exploration of Quebec City has completed a preliminary economic assessment of its 100%-owned Whabouchi lithium deposit in the James Bay region.

QUEBEC - Nemaska Exploration of Quebec City has completed a preliminary economic assessment of its 100%-owned Whabouchi lithium deposit in the James Bay region.

The initial capital costs would total $86 million. An open pit and 2,950-t/d mill could produce 202,000 tonnes of 6% Li2O spodumene concentrate annually for 15 years.. With a pre-tax internal rate of return of 26.6%, the project would pay back the capital costs in 3.3 years.

Nemaska could ship the Whabouchi concentrates either to Europe via the port of Saguenay, QC, or to customers in North America via rail.

The most recent Whabouchi resource estimate is available at www.NemaskaExploration.com.

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