Name of the Project
San Jose lithium hydroxide project.

Location
The project is located in the Extremadura region of western Spain.

Client
Infinity-Lithium holds an equal 50% interest in the project with its partner Valoriza Mineria, and has an agreement to increase its share to 75% through the completion of a feasibility study on the deposit.

Project Description
San Jose has indicated and inferred resources of 111.3-million tonnes grading 0.28% lithium, 0.61% lithium oxide and 226 parts per million of tin.

The results of a scoping study have confirmed that the project has the potential to become a leading producer of lithium hydroxide, as well as carbonate, in Europe for the burgeoning lithium-ion battery and cathode industry.

Infinity proposes to develop a lithium hydroxide operation by treating lithium micas at San Jose by using sulphate roasting and crystallisation on site.

Mining is expected to be undertaken using conventional drilling and blasting, truck-and-shovel openpit mining.

Over the life of the mine, production will average 14 338 t/y of lithium hydroxide.

Infinity had previously completed a scoping study on a lithium carbonate project, which demonstrated the potential for a robust lithium chemicals development project.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 10% discount rate, of $717.2-million and an internal rate of return of 50.9% using a long-term average basket price of $14 896/t of lithium hydroxide. The project has a payback of 2.3 years from the start of production.

Value
Start-up capital expenditure, including a 10% contingency, is estimated $288.3-million.

Duration
Not stated.

Latest Developments
With the lithium hydroxide scoping study now complete, Infinity, along with its joint venture partners, is now hoping to progress technical work towards the completion of a prefeasibility study and the delivery of a feasibility study within 12 to 18 months thereafter.

Key Contracts and Suppliers
Snowden Mining Consultants, Cube Consulting, Wave International, Knight Piésold, IMO Project Services, Mining Sense, Valoriza Mineria and AGQ Laboratories (scoping study).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Infinity-Lithium, tel +34 927 208 134 or email admin@extremaduramining.com.