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Pioneer Dome lithium project, Australia

Image of lithium ore

Photo by © Bloomberg

24th March 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Pioneer Dome lithium project.

Location
Western Australia.

Project Owner/s
Essential Metals.

Project Description
A scoping study has demonstrated the potential feasibility of a standalone mining and processing operation.

The study is based on three openpits cumulatively producing 8.8-million tonnes at 1.11% lithium oxide over the 7.3-year life-of-mine for processing through a 1.2-million-tonne-a-year concentrator process plant.

This will result in the production of 193 745 t/y of spodumene concentrate with a targeted lithium grade of 5.7% lithium oxide.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The scoping study estimates a base case net present value, at a 10% discount rate, of A$367-million and an internal rate of return of 40%, with a payback of 1.7 years.

Capital Expenditure
Preproduction capital costs are estimated at A$293-million, including a A$36-million contingency.

Planned Start/End Date
Construction is expected to start in July 2024, with first production targeted for January 2026.

Latest Developments
The scoping study supports the start of detailed studies.

Key Contracts and Suppliers
Primero (scoping study).

Contact Details for Project Information
Essential Metals, email +61 8 9322 6974 or email info@essmetals.com.au.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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