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Manna lithium project, Australia

Image of lithium ore

Photo by © Bloomberg

28th April 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Manna lithium project.

Location
Goldfields region of Western Australia.

Project Owner/s
Global Lithium Resources (GL1).

Project Description
A scoping study has confirmed the potential for a globally competitive lithium project.

The scoping study envisages an operation with a life-of-mine of ten years, with an estimated total production of 2.2-million tonnes of spodumene concentrate, based on mineral resources of 32.7-million tonnes at 1% lithium.

The concentrator will have a nameplate capacity of two-million tonnes a year of run-of-mine ore.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an estimated pretax net present value, at an 8% discount rate, of A$2.8-billion and an internal rate of return of 103%, with a payback of 15 months after first production.

Capital Expenditure
Direct capital costs are estimated at A$299.4-million.

Planned Start/End Date
Not stated.

Latest Developments
The GL1 board has recommended that the project proceed directly to a definitive feasibility study.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Global Lithium Resources, email info@globallithium.com.au

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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